57 Environmental, Social and Governance Report 2022 PILLAR 3: CORPORATE PERFORMANCE Responsible Investment ESR ANNOUNCES HK$4 BILLION SUSTAINABILITY-LINKED LOAN, WITH OPTION TO UPSIZE TO HK$7 BILLION ESR continues to integrate sustainability considerations into our financing mechanisms. In 2022, the Group secured a cumulative total of US$3 billion in five Sustainability-Linked Loans (SLLs), demonstrating our leadership in green finance and business practices. The fifth and latest, five-year unsecured SLL, amounting to HK$4 billion with an option to upsize to HK$7 billion, incorporates a tiered incentive mechanism which entitles ESR to interest rate reductions when its sustainability goals are achieved. The Group will refinance current borrowings and use the proceeds for investments, working capital and other general corporate reasons.
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