The SLL is marketed as the first of its kind globally as it incorporates specific performance targets related to “biodiversity conservation, waste management and water efficiency”.
City Developments (CDL) (SGX:C09
) announced on June 25 that it has secured a $400 million sustainability-linked loan (SLL) from DBS Bank (SGX:D05) , with nature conservation targets aligned with the Taskforce on Nature-related Financial Disclosures’ (TNFD) recommendations.
CDL says the proceeds will be used for general corporate funding and working capital purposes, including redeveloping CDL’s existing assets.
