Hing Yip Holdings' (HKG:0132) sustainable finance framework has a "good" alignment with existing green, social, and sustainability bond and loan principles, Sustainable Fitch said in a Tuesday release.
The framework includes green use of proceeds categories such as green buildings and energy efficiency, renewable energy, and pollution prevention and control, the ESG rating provider said.
It also has social use of proceeds categories that include access to essential services, such as construction and operation of elderly care facilities.
Eligible projects will anchor the Hong Kong-based company's financial leasing unit with a focus on services such as renewable energy services and wastewater treatment, Sustainable Fitch said in its second-party opinion.
The projects will also support the development of environmentally efficient buildings for the company's elderly care business.
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