We are proud to being the first private company and manufacturer to receive the Hong Kong Quality Assurance Agency (HKQAA) Green Finance Certificate. On September 3, 2018, we signed a HKD350 Million Four-Year Green Loan Term and Revolving Credit Facility (“Green Loan”) with a group of seven leading banks, demonstrating our Group’s commitments to environmental and sustainable developments. The participating banks included The Bank of East Asia, BNP Paribas, Citibank, N.A., Hang Seng Bank, The Hongkong and Shanghai Banking Corporation (HSBC), Mizuho Bank, and MUFG Bank. The loan will be used in accordance with our Group’s Green Loan Framework. This framework covers seven eligible types of project categories as below, including financing 20 green projects in coming few years.
- Saving energy & carbon reduction
- Air pollution prevention and control
- Waste prevention and control
- Wastewater prevention and control
- Green building
- Resource utilization
- Natural resource reconstruction
Sustainability has become one of the key forces driving organizations toward prolonged success. At Leo, our firm commitment to being a global green printer and achieving zero-waste has been a motivating factor over the years. With the success of accrediting to the Green Finance Certificate and the Green Loan, it demonstrates that Leo commits to sustainable developments and is capable of initiating green projects which are sustainable-oriented while also meeting the stringent requirements of green financing. Moving forward, we will continue to promote collaboration across the supply chain for sustainable development. We will work with our partners to produce greener products, and promote enhanced environmental awareness with all stakeholders. Together we will make a greater impact with our community-wide and industry-wide sustainability initiatives.
About the HKQAA Green Finance Certification Scheme
The Green Finance Certification Scheme was officially launched by the HKQAA to provide third-party conformity assessments for the Green Finance issuers since 2016. The ultimate goal of this scheme is to facilitate the development of green finance and the green industry, thereby paving the way to a greener and more sustainable future. The benefits of being successfully accredited to the Green Finance Certificate include:
- Enhancing the credibility and stakeholder confidence in green financial instruments via independent, impartial third-party conformity assessments;
- Connecting with potential Green Finance investors with the aid of the Green Finance Certificate and Certification Mark;
- Demonstrating the issuers' effort in promoting environmentally-friendly investment;
- Promoting common understanding of green finance.
In addition to striving to improve our environmental performance in production and business operations which can help reduce our ecological footprint and create a better future, we also hope to encourage more industrial players to join us on the path of sustainable production. With full support from our close business partners and the injection of this Green Loan, we are geared for greener achievements in the near future.