Paramount gets ‘gold’ sustainable rating from MARC

Paramount deputy group chief executive officer and designated sustainability officer Benjamin Teo.

PETALING JAYA: Paramount Corp Bhd has received the “Gold” assessment from MARC Ratings Bhd for its sustainability-linked financing framework.

In a statement, the property developer said the framework sets out the guiding principles for Paramount’s issuance of sustainability-linked Islamic medium-term notes to achieve sustainability performance targets in relation to selected key performance indicators (KPIs).