RESPONSIBLE INVESTMENT ESR CLOSED FIRST SUSTAINABILITY-LINKED LOAN OF US$700 MILLION, AND UPSIZED IT TO US$1 BILLION Fully aligned with ESR’s ESG 2025 Roadmap, we are proud to announce that ESR has secured its first SLL of US$700 million in early November 2021, and further upsized to US$1 billion. This inaugural SLL comes on the heels of ESR’s announcement to acquire 100% of the share capital of ARA Asset Management (the “ARA Acquisition”). The ARA Acquisition is set to create the largest real asset manager in Asia Pacific and the third largest listed real estate investment manager globally with a combined AUM of US$140.2 billion. The enlarged ESR is powered by the leading New Economy real estate platform with over US$59 billion of AUM and a development work-in-progress of over US$10 billion. Synergies of the planned ARA acquisition has already been created and realised with lower Group borrowing costs. As a leading New Economy real estate platform, ESR is committed to integrating sustainability into every facet of its business. In November 2020, the Group launched its ESG 2025 Roadmap, setting out a clear vision and targets across three key ESG pillars – “Human Centric”, “Property Portfolio” and “Corporate Performance”. The SLL aligns with the Group’s commitment to enhance its overall sustainability practices. Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, said: “We are delighted to partner with UOB, Crédit Agricole CIB, MUFG and OCBC for our inaugural corporate financing with sustainability-linked features. It is with great pleasure that we can support the development of sustainable capital markets in Asia Pacific real estate, while further strengthening our commitment to ESG. We look forward to exploring more sustainable ways to finance and operate our business in order to create long-term value for our stakeholders.” ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021 40 PILLAR 3: CORPORATE PERFORMANCE
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