DBS Bank (Hong Kong) and Nan Fung International Holdings have closed a five-year, multi-currency sustainability-linked loan (SLL) worth HKD 1.5 billion (USD 195 million) in the third quarter, marking the first financing arrangement to incorporate a social value–based Key Performance Indicator (KPI) for Nan Fung Group.
The KPI measures the monetary value of social impact generated or facilitated across Nan Fung Group’s Hong Kong portfolio. As of March 2025, the developer had created or supported HKD 46.6 million (USD 6.06 million) in social value through targeted community initiatives informed by stakeholder engagement and materiality assessments.
Key programmes include AIRSIDE Sports Date, which promotes wellness and social inclusion; the Senior Docent Programme, enabling older adults to serve as tour guides; and the Farming Assistant Programme, which trains elderly residents to support urban farming and exhibitions. These initiatives span themes such as sustainable consumption and elder empowerment, benefiting tenants and the broader community under the Group’s SEWIT sustainability framework.
The SLL is also linked to additional sustainability performance targets, including Nan Fung Group’s “Net Positive Lease” tenant engagement programme and renewable energy generation goals.
Boris Chan, Managing Director and Head of Institutional Banking Group at DBS Hong Kong, said the partnership underscores the bank’s commitment to “promoting sustainable finance and supporting clients in creating positive social impact”.
Vanessa Cheung, Managing Director of Nan Fung Group and chair of its SEWIT Committee, said the SLL demonstrates the company’s continued commitment to delivering “meaningful, measurable social impact” while reducing its carbon footprint on the path toward net zero.
Nan Fung Group’s SEWIT framework — centred on Social Cohesion, Environment, Wellness, Innovation and Technology — guides its efforts to build a resilient and low-carbon city. The collaboration reflects the shared ambition of both organisations to advance sustainable finance and support Hong Kong’s transition to carbon neutrality.
