SINGAPORE: Integrated energy group Wasco Bhd
has established an integrated Sustainable and Transition Finance Framework, the first of its kind in Asean, and executed its first sustainability-linked loan of US$25mil.
Maybank Investment Bank Bhd (Maybank IB) acted as the sole sustainability adviser while Maybank’s Singapore branch is the sole lender.
“This comprehensive framework is notable as the first to outline eligible transition projects guided by the Technical Screening Criteria of the latest Asean Taxonomy for Sustainable Finance (Version 3),” Maybank and Wasco said in a joint statement yesterday.
Wasco group chief executive officer Giancarlo Maccagno said the framework enables it to deliver sustainable value to its energy clients as they transition. –– Bernama
