DBS Hong Kong, Haier Group sign $3.11b ESG-linked loan

The group will commit to reducing its energy consumption per business unit.

Haier Group has signed its first environmental, social, and governance (ESG)-linked term loan facility worth around $3.11b (US$400m) in line with its promotion of “sustainable development and a greener future,” DBS Hong Kong said in a statement.

DBS Hong Kong said it will serve as the company’s sole lender and sustainability advisor during the loan’s one year tenor.

Haier Group will reduce its energy consumption per business unit throughout the one-year tenor, DBS Hong Kong.

Our first ESG-linked loan with DBS Hong Kong demonstrates Haier’s commitment to ESG. Going forward, Haier will strive to bolster the implementation and adoption of our ESG goals,” Xinzhi Shao, vice president and chief financial officer of Haier, said.

Haier’s sustainability roadmap aims to provide its customers with “more energy-efficient products underpinned by innovation to help tackle climate change.”

Haier Smart Home follows the “6-Green '' strategies which are green design, green manufacturing, green operation, green recycling, green disposal, and green purchase” which uses low carbon and reduces emission in the products life cycles and daily operations.

$1 = US$0.13

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.