Ascott Trust Secures First Sustainability-Linked Loan

Ascott Residence (SG:HMN) has released an update.

CapitaLand Ascott Trust has secured a pioneering S$165 million OCBC 1.5°C sustainability-linked loan, the first for a lodging trust, rewarding the company with interest rate reductions for meeting annual greenhouse gas emissions reduction targets. These targets are part of its 2030 Sustainability Master Plan, aiming for a 46% reduction in absolute Scope 1 and 2 emissions by 2030, and are validated by the Science Based Targets initiative to support the Paris Agreement goals.

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