Capitaland Obtains S$500 Million Bilateral Loan
CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB), in tandem with the Group’s release of its 11th Global Sustainability Report which reports its sustainability performance in financial year 2019. The loan is the largest sustainability-linked bilateral loan in Singapore’s real estate sector. In total, CapitaLand and its real estate investment trusts have raised over S$2.42 billion in less than two years, through sustainable financing instruments, reinforcing the Group’s commitment towards responsible growth.
The Group reported that it has achieved utilities cost avoidance of S$208 million in 2019 since 2009. In the previous year, CapitaLand reported utilities cost avoidance of S$170 million since 2009. In 2019, the Group’s energy and water consumption intensities were reduced by 19.2% and 22.4% respectively from the base year of 2008. CapitaLand also achieved a 29.4% reduction in carbon emissions intensity since 2008.