Unity Group Holdings Announces Completion of Carbon Credits Registration and Proposed RMB200 Million Climate Sukuk Issue

Reuters
Aug 27
Unity Group Holdings Announces Completion of Carbon Credits Registration and Proposed RMB200 Million Climate Sukuk Issue

Unity Group Holdings International Ltd., a company listed on the Main Board of The Stock Exchange of Hong Kong, has announced the completion of the registration of a Project Identification Number $(PIN)$ related to carbon credits entitlement. This registration is part of the company's Environmental, Social, and Governance $(ESG)$ initiatives and involves the vetting of its energy-management-contract $(EMC)$ business by a Climate Adviser. Unity Green Development, a wholly-owned subsidiary of the company, has been granted the PIN, which allows for the recognition and accreditation of carbon credits associated with the Group's EMC business globally. Additionally, the company has proposed the issuance of RMB200 million in Climate Sukuk, with Synergy Energy Saving Company Limited, another subsidiary, designated to manage this issuance. The initiative aligns with the company's ongoing efforts to enhance its sustainability practices.

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