KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a “Gold” sustainability Sukuk assessment to UEM Sunrise Bhd ’s (UEMS) sustainability Sukuk framework. In a statement on Monday, MARC said the framework will finance green, social or sustainability projects falling under six categories. The rating agency pointed out a key underpinning of the Gold assessment is that the assets, businesses, projects and/or products eligible for financing under UEMS’ framework align and are highly coherent with its sustainability strategy and objectives. The assessment is also supported by UEMS’ overall effectiveness at managing and embedding sustainability in its operations. UEMS is the property development arm of UEM Group Bhd, a unit of Khazanah Nasional Bhd, the government’s strategic investment fund.

Source: The Star October 11, 2021 06:56 UTC