DBS Hong Kong announced that Haier Group has signed its first ESG-linked term loan facility worth about USD 400 million, as part of both parties’ ongoing dedication to promoting sustainable development and a greener future. DBS Hong Kong will serve as Haier’s sole lender and sustainability advisor throughout the loan’s one-year tenor.

This transaction builds upon the strong business relationship that has been established between both companies over the years, as DBS continues to serve as Haier’s core offshore bank and its trusted advisor in its global business strategies. This agreement also positioned DBS Hong Kong as the first bank to pioneer Haier’s ESG-linked financing journey.

The ESG performance indicator for the loan contributes towards China’s pledge to become carbon neutral by 2060. Under the agreement, Haier will commit to reducing its energy consumption per business unit during the loan’s tenor.