Chua said five green solutions within Cagamas’ sustainability bonds/sukuk framework, namely renewable energy; energy efficiency; green buildings; low-carbon transportation; sustainable water and wastewater management, have been assigned EB ratings.
KUALA LUMPUR: RAM Sustainability Sdn Bhd has assigned environmental benefit (EB) ratings to the proposed Asean sustainability bonds/SRI sukuk, which will be issued under Cagamas Bhd’s RM60bil medium-term notes and Islamic medium-term notes programme.
The rating firm believes the proposed sustainability bonds/sustainable and responsible investment (SRI) sukuk would create a positive environmental and social impact by financing projects and solutions that are essential for a sustainable future.
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