Centurion Corporation Limited has unveiled its Sustainability Financing Framework, designed to finance or refinance green and social projects within its accommodation portfolio. The framework, which spans ten categories including green buildings, renewable energy, and affordable housing, has been rated by Moody’s with a Sustainability Quality Score of SQS2, the second highest of five levels.
The framework outlines how Centurion will allocate proceeds from sustainable finance transactions to eligible projects. These projects are selected through the company’s sustainability governance, with oversight from the Sustainability Steering Committee. The committee reviews the projects annually to ensure they meet the criteria, reallocating funds if necessary.
Centurion plans to report annually on the allocation of proceeds and the environmental and social impact of the financed projects, subject to data availability. The framework aligns with international sustainable finance standards, including the Green Bond Principles and Social Bond Principles.
Centurion’s CEO, Kong Chee Min, stated, “Sustainability is one of the Group’s core priorities, and we are proud to have established a Framework that puts a clear and disciplined structure around how we finance it.”
The framework is part of Centurion’s broader strategy to integrate environmental, social, and governance considerations into its business operations. The company aims for net zero Scope 1 and Scope 2 greenhouse gas emissions by 2050 and a 15% reduction in electricity consumption intensity by FY2030.
The full framework and the Second Party Opinion report are available on Centurion’s website.
