We have been honoured with a wide variety of awards and accolades, reflecting not only commercial success and the quality of our products and services, but also our commitment to the community and the environment.
As one of the first movers in sustainable finance in Hong Kong, Henderson Land continues to harness the opportunities of its emerging green and sustainable financing landscape. In 2022, the Group concluded a number of signature financial instruments in order to support the ongoing implementation of green and sustainable initiatives in our business operations.
We secured a HK$100 million bilateral social loan with CCB (Asia), the first-of-its-kind among Hong Kong’s property developers. With the Hong Kong Quality Assurance Agency acting as its independent external assessment body, the loan’s terms take into account the Group’s needs for fulfilling social responsibilities and our aspiration to create lasting value for the wider community. The funding from the social loan can be used to support our ongoing transitional housing projects in Kong Ha Wai, Kam Tin, Ngau Tam Mei.
To further demonstrate the Group's unwavering commitment to green building, Henley Park, our latest residential project at Kai Tak has been issued a green letter of undertaking by HSBC. The Henley Park project is expected to attain a Gold rating for BEAM Plus New Buildings upon completion, which qualifies it for this green letter of undertaking. BEAM Plus is a comprehensive certification standard which recognises building projects in Hong Kong that meet a range of sustainability requirements.
The Group also signed sustainability-linked loan agreements with CCB (Asia) and Hang Seng Bank during the year, securing loans of HK$1 billion and HK$1.6 billion respectively. For these sustainabilitylinked loans, the interest rates are being indexed against improvements in our sustainability performances such as green building certifications, accident frequency rate and ESG ratings.