Sembcorp Green Financing Frameworks
Our Green Financing Frameworks reinforce our commitment to tap on sustainable financing instruments as a source of capital to drive the energy transition.
In May 2021, Sembcorp launched its first Green Financing Framework (Framework 2021) which references the Climate Bond Initiative’s (CBI) Climate Bonds Standard Version 3.0. The Framework 2021 applies to all Green Finance Transactions (GFTs) raised or issued from May 2021 till September 2024.
Aligning with our refreshed strategy unveiled at Investor Day 2023, we updated our Green Financing Framework (Framework 2024) which references the Green Bond Principles (2021) issued by the International Capital Market Association, the Green Loan Principles (2023) issued by the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications and Trading Association, and the Singapore-Asia Taxonomy (2023) issued by the Green Finance Industry Taskforce convened by the Monetary Authority of Singapore. The Framework 2024 applies to all GFTs raised or issued from October 2024.
Both Frameworks have been reviewed and assured by EY.
We engage an external assurance provider annually to review GFTs conformance to the Frameworks and publish a Green Finance Report annually. The Green Finance Report provides an update on our allocation of Net Proceeds, eligibility and impact of Nominated Projects.
Related documents:
- Green Financing Framework (2021)
- Pre-issuance Assurance Report (2021)
- Green Finance Report and Post-issuance Assurance Report (2022)
- Green Finance Report and Post-issuance Assurance Report (2023)
- Green Financing Framework (2024)
- Pre-issuance Assurance Report (2024)
- Green Finance Report and Post-issuance Assurance Report (2024)
Sembcorp Sustainability-linked Financing Framework
Our Sustainability-linked Financing Framework supports our journey towards a lower-carbon portfolio. The Framework outlines the Key Performance Indicators and Sustainability Performance Targets for our sustainability-linked transactions.
The Framework has been reviewed by an external third-party verifier to ensure alignment with the Sustainability-linked Bond Principles and the Sustainability-linked Loan Principles.
Related documents:
- Sustainable Financing Framework (2021)
- Second Party Opinion on Sustainable Financing Framework (2021)
- Assurance Report on Sustainability-linked Bond (2021)
- Assurance Report on Sustainability-linked Loans and Bonds (2022)
- Assurance Report on Sustainability-linked Loans and Bonds (2023)
- Assurance Report on Sustainability-linked Loans and Bonds (2024)