Analogue Receives HKQAA’s Green and Sustainable Finance Certificate and Issues First Green Loan Instrument

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HONG KONG, Jan 4, 2022 – (ACN Newswire) – Analogue Holdings Limited (stock code: 1977) together with its subsidiaries (referred to as “ATAL Engineering Group”, “ATAL” or the “Group”), a leading electrical and mechanical (“E&M”) engineering services provider in Hong Kong, is pleased to announce that the Group has become the first E&M engineering group in Hong Kong to obtain the Green Loan Pre-Issuance Stage Certificate under the Green and Sustainable Finance Certification Scheme launched by Hong Kong Quality Assurance Agency (“HKQAA”). This follows closely on the Group’s November milestone of being the first E&M engineering company to qualify for the CIC Sustainable Financing Certification Scheme. It is a testament to the Group’s commitment to the environment.

Mr Peter Cheng, CFO of Analogue Holdings Limited, receives awards on behalf of the Group at the
“Hong Kong Green and Sustainable Finance Awards 2021” ceremony organised by HKQAA

The Green and Sustainable Finance Certification Scheme emphasises the importance of impact assessment, stakeholder engagement and transparency. In response to diversified market needs, it covers specific green and sustainable subjects including sustainability-linked or green and climate transition requirements.

Issuance of Group’s first green loan instrument of HK$300 million

Subsequent to obtaining the certificate, the Group has issued its first green loan instrument amounting to HK$300 million with the proceeds earmarked for enhancing water and wastewater management. The Group has used its resources over the years to improve technologies in energy optimization. Through active collaboration with universities, the Group is also deploying green energy and developing innovative solutions to environmental problems.

Achievement of four awards under “Hong Kong Green and Sustainable Finance Awards 2021” organised by HKQAA

It is worth noting that the Group has also achieved four awards under “Hong Kong Green and Sustainable Finance Awards 2021” organised by HKQAA, another testament to its efforts in integrating ESG initiatives into businesses. One award was given to the organisation, “Outstanding Award for Green & Sustainable Loan Issuer (Construction Industry – Visionary Green Loan Fund”)”, while three awards were given to individuals, “Leadership Award for Green & Sustainable Finance Development” (“Strategist Awards for Green & Sustainable Finance Development”) and “Leadership Award for Green / Sustainable Finance Development” respectively.

Aiming to raise awareness of the United Nations Sustainable Development Goals in the financial sector and promote a common understanding of green and sustainable finance in society, the awards recognise the Group’s contribution to the issuance of green financial instruments, thereby supporting Hong Kong’s development as a sustainable finance hub.

Dr Otto Poon Lok-To, Chairman of Analogue Holdings Limited, said, “With the official launch of our first green loan instrument, we are thrilled to be one step closer towards integrating sustainability into all aspects of our businesses. We are the first E&M engineering company in Hong Kong to be awarded certificates under the HKQAA Sustainable Finance Certification Scheme and CIC Sustainable Finance Certification Scheme. This is a great example of our industry leadership and shows our foresight and expertise. We will continue to highlight our actions and reiterate our commitment to creating a sustainable environment. “

About ATAL Engineering Group
Established in 1977, ATAL Engineering Group (“ATAL”) is a leading electrical and mechanical engineering services provider headquartered in Hong Kong, with operations in Macau, Mainland China, the United Kingdom and the United States. The Group serves a broad range of customers, both public and private, and provides comprehensive and multi-disciplinary E&M engineering and technology service in four main segments: Building Services, Environmental Engineering, Information and Building Technologies (“ICBT”), and Lifts & Escalators. ATAL’s parent company, Analogue Holdings Limited, is listed on the Main Board of the Stock Exchange of Hong Kong (Stock Code: 1977).

Topic: Press release summary

Source: Analogue Holdings Limited
Sectors: Engineering

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