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Sustainable Finance - Published Projects

Background

In the sustainable debt market, issuers and borrowers should provide details to investors and lenders on the environmental and social eligibility criteria for the use of proceeds (UoP) bonds/loans and the ambition level of their sustainability performance targets (SPTs) for sustainability-linked bonds/loans. Many issuers and borrowers obtain an external review from an independent external reviewer such as CECEPEC.

CECEPEC issued a Second Party Opinion on Zhaoqing Guolian’s Sustainable Finance Framework

2023-06-15

Recently, CECEP Environmental Consulting Group Co., Ltd. (CECEPEC) issued a Second Party Opinion on the alignment of the Sustainable Finance Framework (“Framework”) of Zhaoqing Guolian Investment Holding Co., Ltd. (Zhaoqing Guolian) with the Green Bond Principles 2021 (“GBP”), the Social Bond Principles 2021 (“SBP”), the Sustainability Bond Guidelines 2021 (“SBG”) by the International Capital Market Association (ICMA) and/or the Green Loan Principles 2021 (“GLP”) by the Loan Market Association (LMA). CECEPEC is of the opinion that the Framework is aligned with the four core components of the GBP, SBP and the GLP, and aligned with the SBG.

The net proceeds under the Framework will be exclusively financed or refinanced in Renewable Energy, Sustainable Water and Wastewater Management, Terrestrial and Aquatic Biodiversity Conservation, Clean Transportation, Affordable Housing and Affordable Basic Infrastructure, which are aligned with the Eligible Green or Social Project Categories listed in GBP, SBP and GLP. Meanwhile, the Framework also elaborates on the conformity of Eligible Project Categories with the United Nations Sustainable Development Goals (SDGs).

In addition, the Framework illustrates how the Sustainability Financing Team of Zhaoqing Guolian will oversee the project evaluation and selection process and how to manage the proceeds. At the same time, Zhaoqing Guolian commits to disclose the Allocation Report on an annual basis and disclose the Impact Report. The possible indicators of the Impact Report have been set out in the Framework, which will objectively and effectively reflect the environmental and social benefits of the project.

Second Party Opinion.pdf
Green Finance Framework.pdf

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