Sunday, 23 June 2024

S&P Global Ratings provides full alignment opinion on Zhenro Properties' green bond framework

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SINGAPORE (S&P Global Ratings) April 1, 2021--S&P Global Ratings said today that Zhenro Properties Group Ltd.'s green bond framework is fully aligned with the four components of the green bond principles (GBP). The framework alignment opinion report is available here.

"We consider Zhenro's green bond framework to be fully aligned because it commits to using net proceeds of financing issued under the framework to fund eligible green projects that fit into the categories defined by the GBP," said Chloe Lin, the primary contact at S&P Global Ratings.

The framework provides details on the management of proceeds, outlines the process for project evaluation and selection, and commits a high level of transparency for impact reporting. Zhenro's GBF allows the company's investors to participate in its efforts to facilitate the transition to an environmentally sustainable future.

The green bond framework reflects Zhenro's commitment to promote sustainable environment development meets some of the 2030 Sustainable Development Goals (SDGs) from the United Nations. It presents the respective SDGs each eligible green project category supports. These include clean water and sanitation (SDG 6); affordable and clean energy (SDG 7); industry, innovation and infrastructure (SDG 9); sustainable cities and communities (SDG 11); responsible consumption and production (SDG 12); and climate action (SDG 13).

S&P's Green, Social, or Sustainability Framework Alignment Opinions are not credit ratings. They are a point-in-time second opinion on a seeker of finance's financing framework's alignment with the International Capital Market Association's (ICMA's) Green Bond Principles (GBPs), Social Bond Principles (SBPs), or a combination of the GBPs and SBPs, collectively known as ICMA's Sustainability Bond Guidelines (SBGs), and/ or the Loan Market Assn.'s (LMA's) Green Loan Principles (GLPs; the Principles). FAOs reflect the financing framework only, and do not consider individual financial transactions. They remain effective until such time as there is a change in the financing framework or the relevant Principles.

This report does not constitute a rating action.


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