Luk Fook Holdings (0590) and DBS Bank Hong Kong have officially entered into an agreement for Luk Fook’s inaugural sustainability-linked loan worth HK$326 million.
The loan incorporates revolving credit facilities with an interest rate tied to Luk Fook’s sustainability performance against the agreed set of key performance indicators.
Aligned with its three-year corporate goal, the jewelry company aims to reduce both its energy consumption and greenhouse gas emissions intensity by incorporating environmentally friendly practices across its operations.
Luk Fook chairman and chief executive Wong Wai-sheung said the loan is a significant milestone in the company’s sustainable development, affirming its commitment to environmental, social and governance issues.
He said that the firm will leverage its influence to further promote sustainable development and move towards a low-carbon future.
DBS Hong Kong managing director Wallace Lam said he looks forward to an ongoing partnership with Lukfook in its sustainable development.
Staff reporter
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