DBS Bank has issued a AUD207m (USD137m) green loan to Malaysia’s Retirement Fund (KWAP) for refinancing a sustainable office tower in Melbourne, Australia. This is KWAP’s first green loan and will support a 17-story building with top energy efficiency and sustainable features, including solar panels and a trigeneration system. The loan is part of DBS’s sustainable finance initiatives, in line with international green loan principles. Additionally, DBS has partnered with H&M Group on a green loan programme aimed at decarbonising the apparel sector’s supply chain. This programme offers financing and technical support for energy-saving upgrades, as demonstrated by Indian supplier Raj Woollen’s adoption of solar and water conservation technologies.
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