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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 Guangzhou Development District Investment Group’s Sustainable Finance Framework

2023-07-13

CECEP Environmental Consulting Group Co., Ltd. (“CECEPEC”) issued a Second Party Opinion on the alignment of the Sustainable Finance Framework (“Framework”) of Guangzhou Development District Investment Group Co., Ltd. (“Guangzhou Development District Investment”) with the Green Bond Principles 2021 (“GBP”), the Social Bond Principles 2021 (“SBP”), the Sustainability Bond Guidelines 2021 (“SBG”) released by the International Capital Market Association (“ICMA”) and the Green Loan Principles 2021 (“GLP”), the Social Loan Principles 2021 published by the Loan Market Association (“LMA”), the 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, SBP, GLP and SLP, and aligned with the SBG.

The net proceeds under the Framework will be exclusively financed or refinanced in Green Building, Energy Efficiency, Renewable Energy, Low Carbon Transportation, Pollution Prevention and Control, Sustainable Water and Wastewater Management, Affordable Basic Infrastructure, Employment Generation, and Access to Essential Services, which are aligned with the Eligible Green or Social Project Categories listed in GBP, SBP, GLP and SLP. 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 Sustainable Finance Working Group will oversee the project evaluation and selection process and how to manage the proceeds. At the same time, Guangzhou Development District Investment commits to preparing the Allocation Report on an annual basis and will prepare the Impact Report where possible and subject to the data availability.

Second Party Opinion.pdf
Green Finance Framework.pdf

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