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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 Wuxi Construction and Development’s Green Finance Framework

2023-07-13

Recently, CECEP Environmental Consulting Group Co., Ltd. (CECEPEC) issued a Second Party Opinion on the alignment of the Green Finance Framework (“Framework”) of Wuxi Construction and Development Investment Co., Ltd. (“Wuxi Construction and Development”) with the Green Bond Principles(“GBP”) by the International Capital Market Association (ICMA) and/or the Green Loan Principles (“GLP”) by the Loan Market Association (LMA). CECEPEC is of the opinion that the Framework is aligned with the four core components of the Green Bond Principles 2021 and the Green Loan Principles 2021. Recently, Wuxi Construction and Development also successfully issued a green offshore bond based on this framework.

The net proceeds under the Framework will be exclusively financed or refinanced in Green Buildings, Environmentally Sustainable Management of Living Natural Resources and Land Use, Sustainable Water and Wastewater Management, and Circular Economy Adapted Products, Production Technologies and Processes, which are aligned with the eligible Green Project Categories listed in GBP and GLP. Meanwhile, the Green Finance Framework also elaborates on the conformity of eligible project categories with the United Nations Sustainable Development Goals (SDGs), Green Bond Endorsed Projects Catalogue (2021 Edition) issued jointly by the People’s Bank of China, the National Development and Reform Commission, and the China Securities Regulatory Commission. In addition, the Framework illustrates how the Green Financing Team of Wuxi Construction and Development will conduct project evaluation and selection, and howthe proceeds will be managed. Wuxi Construction and Development also commits to disclose the allocation report on an annual basis and disclose the impact report where possible. The possible indicators of the impact report have been listed in the Framework, which will objectively and effectively reflect the environmental benefits of the projects.

Second Party Opinion.pdf
Green Finance Framework.pdf

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