Sunway Healthcare establishes Sustainability Financing Framework

Sunway Healthcare Group president Datuk Lau Beng Long

KUALA LUMPUR: Sunway Healthcare Group (SHG) has established its Sustainability Financing Framework, marking a significant milestone for its sustainability journey.

“With the framework in place, SHG will be able to issue Sustainability Sukuk under the RM5bil Sukuk Wakalah Programme by its wholly-owned subsidiary, Sunway Healthcare Treasury Sdn Bhd, to finance eligible projects,” it said in a joint statement.

These include opening new hospitals across Malaysia to give more communities access to high-quality healthcare, it said.

Maybank Investment Bank (Maybank IB) is the sole sustainability structuring adviser for the establishment of the framework as well as sole principal adviser, lead arranger and lead manager for the Sukuk Wakalah Programme.

“Sustainability sits at the core of Sunway’s DNA and the healthcare division works towards supporting the United Nations Sustainable Development Goals (UN SDGs), especially in the areas of quality healthcare, community outreach, talent diversity and green efforts.

“SHG pushes the frontiers of clinical excellence and technological capability to support the healthcare goals of the nation and to raise the standards of healthcare in the Asean region,” SHG president Datuk Lau Beng Long said.

Meanwhile, Maybank IB chief executive officer Datuk Fad'l Mohamed said with ESG requirements becoming entrenched by regulators and investors alike, companies with strong foundations and clear roadmaps would be well positioned to tap into the capital markets.

“As a key partner bank to the Sunway Group, we are honoured to support SHG’s sustainability ambitions with our expertise in sustainable finance. This milestone is another testament to our commitment to the group, having acted as sole financial advisor for SHG’s strategic sale of a 16% stake to GIC Pte Ltd in 2021,” he said.

SHG plans to expand with hospitals in Sunway Kota Damansara (Selangor), Iskandar Puteri (Johor), Ipoh (Perak), Kota Bahru (Kelantan) and Paya Terubong (Penang).

As a result of this growth, SHG will become one of the largest healthcare organisations in Malaysia with a total bed capacity of more than 3,000 across its network of hospitals.

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