[PR]Wuhan Financial Holdings (Group) Co., Ltd.| Sustainable Finance Framework SPO

Hong Kong, Oct 18, 2024 - Lianhe Green Development Company Limited (“Lianhe Green”), an external reviewer recognised by the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme, has provided its Second-Party Opinion on the Sustainable Finance Framework of Wuhan Financial Holdings (Group) Co., Ltd (hereinafter referred to as “WFH” or “the Group”). Under the framework, the Group can issue sustainable bonds or loans.

We have reviewed the following pillars addressed in the Group’s Sustainable Finance Framework:

»       Use of Proceeds

»       Process for Project Evaluation and Selection

»       Management of Proceeds

»       Reporting

»       External Review

Upon assessment, Lianhe Green considers that the Framework is in compliance with the Sustainability Bond Guidelines (SBG) (June 2021 Edition), the Green Bond Principles (GBP) (June 2021 Edition), the Green Loan Principles (GLP) (February 2023 Edition), the Social Bond Principles (SBP) (June 2023 Edition), and the Social Loan Principles (SLP) (February 2023 Edition). In addition, the eligible green projects listed in this Framework are in line with the Green Bond Principles (GBP) (June 2021 Edition) and the Green Loan Principles (GLP) (February 2023 Edition); the eligible social projects listed in this Framework are in line with the Social Bond Principles (SBP) (June 2023 Edition) and the Social Loan Principles (SLP) (February 2023 Edition). At the same time, Lianhe Green’s assessment includes the contributions of the project categories to the relevant United Nations Sustainable Development Goals (UNSDGs).

In accordance with the State Council's overall guidance on green development and the national “14th Five-Year” Strategic Plan of “Environmental Protection and Development of Low-Carbon Economy”, the Group is committed to ensuring that its economic performance is conducive to the sustainable development of the environment and society. The Group regards sustainable development as its business foundation and ensures that its economic development is beneficial to the environment and society. The Group adheres to a positive sense of environmental and social responsibility, and integrates the spirit of sustainability into its rules, regulations and business development plans. The Group actively integrates sustainability into the economic development of Wuhan and is committed to making contributions not only in the traditional fields of renewable energy and clean transportation, but also in social projects.

 

About Lianhe Green

 

Lianhe Green Development Company Limited (“Lianhe Green”) was established in 2023 and is a subsidiary of Lianhe Credit Management Co., Ltd. (“Lianhe Group”) and Lianhe Equator Environmental Assessment Co., Ltd. (“Lianhe Equator”), which is a third-party consulting and certification service provider in China with multiple professional technical edges in "green finance, energy conservation and protection, and carbon testing/certification". Headquartered and registered in Hong Kong, Lianhe Green is an external reviewer recognized under the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme. Lianhe Green is mainly responsible for green and sustainable finance certification business in international markets, ESG reporting and consulting, ESG training services, and assists in operating carbon market-related businesses within and outside China.

 

Lianhe Green aims to become an internationally recognized external verifier for sustainable finance through cooperation with Lianhe Equator's professional and experienced team in this industry. With a goal of "shaping the origin of the earth and sky, and transmitting the civilization of mankind", Lianhe Green is committed to helping Chinese and foreign enterprises demonstrate their determination in sustainable development, and providing investors with independent and objective third-party certification services. Leaving green and oceans to future generation is our mission and ambition.

 

 

Analytical Standards

 

»       Sustainability Bond Guidelines (SBG) (June 2021 Edition)

»       Green Bond Principles (GBP) (June 2021 Edition)

»       Green Loan Principles (GLP) (February 2023 Edition)

»       Social Bond Principles (SBP) (June 2023 Edition)

»       Social Loan Principles (SLP) (February 2023 Edition)

 

 

 

Contacts

Polex Lam, CESGA^® CEnv

Managing Director

+852 3462 9583

polex.lam@lianhegreen.com

 

Sherry Li

Analyst

+852 3462 9583

Sherry.li@lianhegreen.com 

 

 

 

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Disclaimer

A Lianhe Green SPO is an assessment of the green frameworks of entities. It is not a credit rating.

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