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[PR] Shanghai Lingang Economic Development (Group) Co., Ltd. | Sustainable Financing Framework SPO

所屬分類:報告與見解發佈時間:2024-06-06

Hong Kong, June 6, 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 Financing framework of Shanghai Lingang Economic Development (Group) Co., Ltd. (“Lingang Group”). Under the framework, The Group can issue green bonds, social bonds, sustainability bonds, green loans, social loans, sustainability loans or other debt-like financing.

The Lingang Group's Sustainable Financing Framework has received a Robust assessment opinion from Lianhe Green. This is the highest rating given by Lianhe Green on the various core elements of this sustainable financing framework within the same type of companies. Lianhe Green has reviewed the following pillars addressed in The Group's Sustainable Financing Framework:

» Use of Proceeds

» Project Evaluation and Selection

» Management of Proceeds

» Reporting

» External Review

Upon assessment, Lianhe Green considers the framework to be in alignment with the Sustainability Bond Guidelines (SBG) (June 2021 Edition), the Green Bond Principles (GBP) (June 2021 Edition) and the Social Bond Principles (SBP) (June 2023 Edition) issued by International Capital Markets Association (“ICMA”), as well as the Green Loan Principles (GLP) (February 2023 Edition) and the Social Loan Principles (SLP) (February 2023 Edition) issued by the Loan Market Association (“LMA”), the Loan Syndications and Trading Association (“LSTA”) and the Asia-Pacific Loan Markets Association (“APLMA”). In addition, the eligible green projects listed in this Framework are in line with the Green Bond Principles (GBP) (June 2021 Edition), the Green Loan Principles (GLP) (February 2023 Edition), and the United Nations Sustainable Development Goals (SDGs); the eligible social projects listed in this Framework are in line with the Social Bond Principles (SBP) (June 2023 Edition), the Social Loan Principles (SLP) (February 2023 Edition), and the United Nations Sustainable Development Goals (SDGs). At the same time, Lianhe Green provided a Robust assessment opinion.

Lingang Group has always attached great importance to ‘Ecological Priority and Green Development’. In recent years, focusing on the construction of green industrial parks, industrial transformation and upgrading, efficient use of energy, and cultivating green industry clusters, etc. The Group has continuously improved the overall layout of green innovation and achieved remarkable results in accelerating the building of ecological civilization, and the green development of parks and industry, etc. Lingang Group focuses on ‘low carbon and green future’, closely follows the two main lines of ‘Green Park’ and ‘Green Industry’, created a comprehensive professional green service platform, and set up wholly-owned subsidiaries Shanghai Lingang Green Innovation Economic Development Co., Ltd. ("Lingang Green Innovation") and Shanghai Academy of Quality Management Co., Ltd. ("SAQM") to carry out green asset management, green industry investment attraction, green and low-carbon professional services to promote the formation of the Group’s green development innovation model, and strives to become the benchmark of green and low-carbon development of state-owned enterprises in Shanghai.

Lingang Group actively takes country as its family, attaches equal importance to business development and giving back to the society. Along the way of business development, the Group fulfills corporate social responsibilities by carrying out rural revitalization, and has launched Shanghai Lingang Public Welfare Fund to actively give back to the community and share the fruits of development through paired-up assistance, supporting children’s education and caring for aging population etc. In the process of construction of the parks, Lingang Group has enriched service supporting capabilities and accumulated professional experience in infrastructure, life services, talent supports, and comprehensive service facilities, attracting and retaining talents through the industrial-urban development integration and industrial-finance development integration. The Group also constructed a full-chain ecological financial service system for scientific and technological innovation. The Group adopts specific measures, including deepening industrial cooperation between Shanghai and Yunnan; implementing rural revitalization strategy; further developing volunteer program; actively improving the construction of affordable rental housing, healthcare and education facilities; providing financial assistance to promote scientific innovation and micro, small and medium enterprises; building Lingang Industrial College high skill talent training base, etc.

 

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

Chakki Ting, CESGA®

Associate

+852 3596 3037

chakki.ting@lianhegreen.com

 

Polex Lam, CESGA® CEnv

Managing Director

+852 3596 3026

polex.lam@lianhegreen.com


 

Disclaimer

A Lianhe Green SPO is an assessment of the sustainable financing 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.

All published press releases and reports are the intellectual property of Lianhe Green. Any reproduction, redistribution, or modification, in whole or part, in any form by any means is prohibited unless such user has obtained prior written consent from us. 

Copyright © Lianhe Green Development Company Limited 2024

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