With rising concern on environment and social and governance in recent years, green and sustainable finance is one of the key elements across enterprises and industries. In June, we entered into a new HK$150 million sustainability-linked loan (SLL) with our banking partner the “Bank of East Asia, Limited (BEA)” . This is the fourth time that we have obtained green and sustainable financing since 2018.
On June 9, 2022, BEA and Leo hosted an event for Sustainability Linked Financing for Printing Industry to share the experience on green loan and low-carbon transformation. During the sharing session, our Group Chairman, Mr. Samuel Leung, said, “We are delighted to enter into a new sustainability linked loan with BEA. Together with the previous three green loans, we have obtained a total of HK$300 million in financing which has helped us accelerate our transition to low-carbon operation. This SSL is a key milestone for Leo’s development into a world class environmentally friendly enterprise. By establishing green factories, we are setting new standards for the printing industry.”
Under the three-year loan agreement, we are committed to achieve three sustainability performance targets namely greenhouse gas emission reduction, renewable energy generation and information security management. The loan proceeds are used for various green projects in our Heshan and Vietnam factories. To enhance the credibility and transparency in green financing, we have successfully obtained the Green and Sustainable Finance Certification issued by the Hong Kong Quality Assurance Agency (HKQAA).
Thank you for the continued support from BEA and HKQAA over the years in aligning with our Group’s long-term goal of improving our environmental performance in production and business operations as well as reducing ecological footprint to help create a better future.