Quzhou State-Owned Capital Operation's Green Financing Framework Has 'Good' Alignment With Existing Standards, Sustainable Fitch Says

MT Newswires Live01-07 18:53

Sustainable Fitch said Quzhou State-Owned Capital Operation's green financing framework has a "good" alignment with existing green bond and loan principles, according to its second-party opinion released on Monday.

The framework's eligible green project categories cover green buildings, sustainable water and wastewater management, and environmentally sustainable management of living natural resources and land use.

The company has an "excellent" evaluation and selection process that includes cross-departmental environmental experts, "good" proceeds management, and "excellent" reporting and transparency, the ESG rating provider said.

The China-based company handles urban infrastructure development and construction in the municipality of Quzhou.

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