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To promote sustainability together, Australia and New Zealand Banking Group (“ANZ”) signed a green guarantee facility of HKD117.8 million with Vibro (H.K.) to support the Vibro-led foundationproject in the West Kowloon Cultural District.
The facility is linked to the environmentally sustainable nature of the underlying assets financed and requires certain ESG criteria to be met. This includes attainment of a BEAM Plus New Building (Version 2.0) certification, a comprehensive standard for green properties in Hong Kong.
Vibro Director and General Manager Wallace Yeung said: “The Vibro-led joint venture is committed to embedding sustainability into the project, leveraging innovative solutions to enhance the overall environmental performance and wellness of staff and workers. We are glad to be partnering with ANZ on this financial innovation that supports creating shared value for the long-term sustainability development of the industry.”