The Singtel Group launched a dedicated sustainable financing programme Olives in April 2021 and yielded our first Olive, a sustainability-linked revolving credit facility of S$ 750 million, also the largest Singapore-dollar denominated sustainability-linked loan in Singapore at the point of time.
Under Olives, we are committed to linking our financing approach to our progress in achieving mid- to long-term sustainability goals that will enable us to reach Net Zero by 2050.
This Sustainability-Linked Bond Framework has been established to issue sustainability-linked bonds that will allow bond investors to be involved in the Group’s sustainability journey and at the same time, provide transparent disclosure to our stakeholders on how we intend to achieve our mid- to long-term sustainability targets.
As part of Olives, this Sustainability-Linked Bond Framework further aligns the Group’s funding with its sustainability strategy and serves to reaffirm the Group’s commitment to achieving a sustainable, climate conscious future for all.
The documents relevant to our Sustainability-Linked Bond Framework are set out as below:
