Xinyi Glass secures $1b green loan

The loan from Hang Seng Bank will fund its green projects.

The Xinyi Glass Holdings Limited has secured a $1b green loan from Hang Seng Bank for green projects for industrial parks.

“Green finance is a practical means for a business enterprise to deliver its social responsibility,” Lee Yin Yee, B.B.S., Chairman of Xinyi Glass, said.

“The Group has been integrating and optimizing its 'green' glass industrial chain by strengthening product R&D and innovation, plus strictly managing energy use and carbon emission.”

This forms part of Xinyi Glass’ plan to bring environmental and energy saving products to customers, as well as contribute to creating a green and energy-saving society.

Through the loan, Xinyi Glass will be drafting a clearer roadmap for its initiatives on environmental protection and sustainable development. This is in line with its mission and vision of “Leading a Green New Life.”

The Group has previously secured a total of $3.6b in green loans from various banks between 2019 and 2020.  

In March 2019, the Group for the first time passed the Green Finance Certification of HKQAA and received the Pre-issuance Stage Certificate under the "Green Finance Certification Scheme: 2018", confirming that its energy saving Low-E coating architectural glass projects met green project requirements.