In a recent development, GuocoLand has successfully secured a green loan funding of $730 million for a residential and commercial construction project at Tan Quee Lan Street in Bugis. The development is aimed at offering sustainable development pertaining to water and energy conservation, inclusive of greenery and landscape designing.
Green loans especially designed loans to offer funding for development and refurbishment of buildings under the restoration program to offer financial benefits in terms of discounts to live up with environment sustenance goals.-
The development is directed to comply with the recommendations and parameters of Green Mark Gold Plus and Building and Construction Authority. Further in green loan space, VanOord, a high-end dredging company has announced the successful procurement of green loan directed towards the building and construction of a range of LNG fueled dredges that are under construction at Singapore based yard Keppel FELS. Green loans are ideal for providing exquisite financial benefits besides also equipping lenders with high end insights for their customers.
In the light of policies such as Green Bond Principles and green Loan Principles directed in 2014 and 2018 respectively, green loans attained new dimensions to deliver sustainable economic activities to pursue economic sustainability.
A green loan is a sustainable option towards achieving green objectives. Besides meeting the environmental concerns for achieving ecological sustenance, green loans are adopted to achieve responsible construction goals.
In loan and lending market, green loans are highly sustainable and innovative tools and these are gradually becoming mainstream. Advances in green loans is a tangible milestone towards achieving greater heights in wider economy.
Soaring mindfulness amongst consumers and customers alike about the benefits and needs of environmental sustenance to offset the implications of environmental damage have set the growth course of green loans in recent years, as adoption demonstrates reasonable advances.