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Reports and Insights
[PR] Changde Urban Development Group Co., Ltd. | Sustainable Financing Framework SPO
category：Reports and InsightsRelease time：2024-03-07
Hong Kong, March 7, 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 green finance framework of Changde Urban Development Group Co., Ltd. (“CUDG”). Under the framework, CUDG can issue sustainable bonds or loans.
We have reviewed the following pillars addressed in CUDG's Green Finance Framework:
Upon assessment, Lianhe Green considers the framework to be in alignment with the Sustainability Bond Guidelines (June 2021 Edition), Green Bond Principles (June 2021 Edition) and Social Bond Principles (June 2023 Edition) issued by International Capital Market Association (“ICMA”), and Green Loan Principles (February 2023 Edition) and Social Loan Principles (February 2023 Edition) issued by the Loan Market Association (“LMA”), the Loan Syndications and Trading Association (“LSTA”) and the Asia-Pacific Loan Market Association (“APLMA”). Furthermore, CUDG’s eligible green and social projects are in line with the Sustainable Development Goals (SDGs) issued by United Nations.
The Group is committed to aligning its business model with sustainability development. It has adopted strict environmental and social measures and assessment to ensure the compliance with national laws and regulations that have material impact on its business. CUDG has adopted management measures on air and greenhouse gas emissions, and water discharges, by implementing a series of environmental and safety management policies on daily operations to reduce the impact on the environment and contribute to the local communities, which leads CUDG towards a low-carbon economy and contribution to China’s carbon peak in 2030, carbon neutrality in 2060 and rural revitalization.
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
Contacts
Polex Lam, CESGA® CEnv
Managing Director
+852 3462 9583
polex.lam@lianhegreen.com
Chakki Ting, CESGA®
Associate
+852 3462 9583
chakki.ting@lianhegreen.com
Disclaimer
A Lianhe Green SPO is an assessment of the green frameworks of entities. It is not a credit rating.
Please note that individuals identified in a SPO report are not responsible for the opinions stated therein and are named for contact purposes only. Our report is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of financial instruments and securities.
Lianhe Green receives compensation from entities and other market participants for conducting this service. None of the aforementioned entities nor its related parties participate in the review process aside from providing information requested by Lianhe Green.
Our assessments are not considered investment advice and they are not and should not be considered as a replacement of any person’s own assessment of the ESG factors related to a financial instrument or an entity. Lianhe Green does not represent, warrant or guarantee that our report will fulfil any of your or any other person’s particular purposes or needs. Lianhe Green does not recommend the purchase or sale of financial instruments or securities or give investment advice or provide any legal, auditing, accounting, appraisal or actuarial services.
Lianhe Green does not audit or verify the accuracy of the information provided to issuers by any third party for the purpose of issuing this opinion. Lianhe Green does not represent, warrant or guarantee the accuracy, correctness, integrity, completeness or timeliness of any part of our opinion.
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