CLINT has selected two key performance indicators (KPIs) for this SLL. KPI 1 is to reduce the absolute greenhouse gas (GHG) emissions of its IT business park portfolio as at 31 December 2023 by 40.5% from the baseline year of 2019 during the 5-year loan term. KPI 2 is to obtain Excellence in Design for Greater Efficiencies (EDGE) certification for three selected IT business parks ‒ International Tech Park Chennai, CyberVale, and aVance Pune, by 2026.
Mr. Sanjeev Dasgupta, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT), said: “Tying our sustainability performance with our financing demonstrates CLINT’s commitment to responsible growth, as we work towards achieving Net Zero carbon emissions for Scope 1 and 2 by 2050. The SLL from IFC not only reflects CLINT’s disciplined capital management, but also aims to build trust amongst our stakeholders by providing a credible measurement of our progress in decarbonisation. Guided by our sponsor CapitaLand Investment’s 2030 Sustainability Master Plan, CLINT is on track to fulfilling the requirements of the loan.”
Imad Fakhoury, Regional Director of IFC for South Asia, said: “We are pleased to support CLINT in their efforts to reduce GHG emissions from their business park portfolio. Our investment will support the decarbonisation of a portfolio of business parks through renewable energy and reduction in energy consumption, aligned with CLINT’s Net Zero targets. We expect the CLINT example to have a cascading positive impact on the sector, enabling the greening of operational, in-use buildings.”