Kwoon Chung Bus recognises the importance of balancing sustainable development and business growth to create long-term value for all stakeholders. Kwoon Chung Bus is committed to incorporating ESG considerations throughout daily operations and decision-making processes at all levels of management. As such, they prioritise the strength of health and safety of the employees and passengers, minimising potential environmental impact, and serving the communities in which it operates.

As the Mandated Lead Arranger (MLA) and SLL ESG advisor, DBS Hong Kong plays a critical role on liaising target intensity levels and standards with Kwoon Chung Bus, as well as obtaining a second party opinion (SPO) by Hong Kong Quality Assurance Agency (HKQAA). One of the targets is to reduce 9% of greenhouse gas emission intensity by 2025, and 27% by 2028 against the baseline year of 2023. This reduction will be achieved through the adoption of more environmentally friendly Euro VI diesel commercial vehicles (DCVs) within the company’s fleet over the next five years.

Wallace Lam, Managing Director and Head of Institutional Banking Group, DBS Bank Hong Kong, welcomes to the collaboration. “We are proud to further our partnership with Kwoon Chung Bus and be the coordinating bank and ESG advisor of its second SLL. Hong Kong’s green and sustainable loan market has been expanding rapidly over the past few years. Our depth and breadth of knowledge in green financing and strong business acumen have positioned DBS Hong Kong as the ideal partner for green financing initiatives. We are committed to supporting Kwoon Chung Bus in their sustainability journey and ensuring the successful implementation of their ESG roadmap.”

Matthew Wong, BBS, Chairman of Kwoon Chung Bus Holdings Limited, said, “Environmental practices, including greenhouse gas emissions and air quality, are the challenges that the industry is facing. The SLL represents a significant step towards integrating ESG considerations into our business operations. By strengthening the partnership with DBS Hong Kong, Kwoon Chung Bus aims at achieving sustainable growth and accelerating productivity while building a better and greener future for the next generations by adhering to ESG principles.”

In 2021, DBS Hong Kong and Kwoon Chung Bus signed its first SLL, reflecting the ongoing commitments to advance Hong Kong’s green agenda. DBS Hong Kong has also been appointed as the green advisor of Kwoon Chung Bus on this sustainability-linked loan during its three-year tenor.