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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 the Green Finance Framework of Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd
2023-07-13

On 14 March 2022, CECEP Environmental Consulting Group Co., Ltd. (“CECEPEC”) issued a Second Party Opinion on the alignment of the Green Finance Framework (“Framework”) of Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd (the “Company”, together with its subsidiaries the “Group”) with the Green Bond Principles 2021 (“GBP”) administered by International Capital Market Association (“ICMA”), and the Green Loan Principles 2021 (“GLP”) administered by the Loan Market Association (“LMA”), Asia Pacific Loan Market Association (“APLMA”), and the Loan Syndications and Trading Association (“LSTA”). CECEPEC is of the opinion that the Framework is aligned with the four core components of the GBP and GLP.


Under the Framework, the Group commits that the net proceeds or equivalent amount of the net proceeds of each green financing transaction (“GFT”) will exclusively finance and/or refinance, in whole or in part, new and/or existing assets and projects (“Eligible Projects”) aligned with one or more of the six eligible project categories (the “Eligible Project Categories”), namely (i) Aquatic Biodiversity Conservation, (ii) Environmentally Sustainable Management of Living Natural Resources and Land Use，(iii) Sustainable Water and Wastewater Management, (iv) Green Buildings, (v) Renewable Energy and (vi) Energy Efficiency, which are aligned with the eligible Green Project categories recognized by 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”). In addition, the Framework illustrates how the Green Financing Team of the Group will conduct project evaluation and selection, and how the proceeds will be managed. The Group 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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