CapitaLand Dev't bags green loans worth $600m

The funds will be allocated for general corporate purposes.

CapitaLand Development (CLD) has secured two bilateral sustainability-linked loans (SLLs) totalling $600m with DBS and OCBC.

This marks the first SLLs to align with both the WELL Certification for human wellbeing and the Green Mark certification for environmental sustainability within a selected real estate portfolio.

The funds from the SLLs will be allocated for general corporate purposes.

The WELL certification, developed by the International WELL Building Institute, prioritises human wellbeing through health-focused standards addressing air and water quality, nourishment, lighting, and mental wellbeing. Meanwhile, the Building and Construction Authority developed the Green Mark certification to promote sustainable building practices.

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