In line with OUE REIT's commitment to sustainability, we issued our Green Financing Framework (“Framework”) in 2023 to facilitate the issuance of green bonds and green loans to fund or refinance projects which will contribute to positive environmental and social impacts.
The Framework sets out the governance and process for OUE REIT and its subsidiaries, for the allocation and management of green proceeds raised. Eligible projects include green buildings, energy efficiency, pollution prevention and control, sustainable water management, renewable energy, environmentally sustainable management of living natural resources and land use, as well as clean transportation, which will also contribute towards the United Nations Sustainable Development Goals.
We will continue to monitor best practices and update the Framework to reflect changes in market practice.
