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NWD's Impact Kommons-backed Green Startups Clinch DBS Social Impact Prize For Advocating Social Innovation, Co-creating A More Sustainable Future

HONG KONG, June 29, 2022 /PRNewswire/ New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) announced today that 11 Hong Kong and global companies onboarded by NWD's accelerator Impact Kommons have been recognised by DBS Social Impact Prize fortheir culturally-driven, sustainability-oriented technology solutions, piloting their waste management and upcycling innovation in practice across the Group's businesses. Shoring up green innovation for a more sustainable future, Impact Kommons is soon to start recruiting the next cohort. DBS awards social impact prizes to innovative impact startups, businesses and social enterprises through different programmes in Asia. Impact Kommons is Asia's first accelerator based on the United Nations Sustainable Development Goals (UNSDGs) and powered by NWD'sopen innovation platform Eureka Nova and DBS Bank (Hong Kong) Limited ("DBS"), supporting te ....

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New World Development Announces Approval of Near-Term 1.5C Aligned Science Based Targets and Commitment to Net-Zero

HONG KONG, June 24, 2022 /PRNewswire/ New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) announced today that the Company has become the third real estate developer in Asia to receive the Science Based Targets initiative's (SBTi) approval of its near-term 1.5C aligned science-based targets (SBTs) and commit to the SBTi Net-Zero Standard, which will include setting long-term company-wide emission reductions in line with reaching science-based net-zero by 2050. Continuing its commitments to the Business Ambition for 1.5C and the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign, this milestone marks the Company's clearly-defined path to reducing carbon emissions in line with the Paris Agreement goals, aiming to mitigate the worst impacts of climate change and increase resilience as a future-proof business. The near-term SBTs cover the Company's major proper ....

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New World Development offers world's first USD social and green dual tranche bond in public markets totalling USD700m

HONG KONG, June 10, 2022 /PRNewswire/ As part of its ongoing commitment to the New World Sustainability Vision 2030 and environmental, social and governance (ESG) integration, New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) is pleased to announce it has become the first corporate in the world to issue a USD-denominated social and green dual tranche offering in the public bond markets. With this transaction, NWD also becomes the first non-financial corporate in Asia to issue a USD-denominated Social bond in the public bond markets, as well as the first corporate in Greater China to issue a USD-denominated Green perpetual in the public bond markets. The 5-year USD200 million Social bond (coupon rate: 5.875%), priced at T+290 basis points, and USD500 million Green perpetual bond (couple rate: 6.15%) were oversubscribed by nearly 5 times at its peak, with strong participation from over 100 quality inve ....

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