Sustainable Fitch said Beijing Energy International Holding's (HKG:0686) sustainable finance framework has an "excellent" alignment with existing green, social, and sustainability bond and loan principles, based on its second-party opinion published on Wednesday.
Proceeds from transactions covered by the framework can be placed under the green use of proceeds categories of renewable energy, clean transportation, energy efficiency, and environmentally sustainable management of living natural resources and land use.
The issuer can also categorize the proceeds under social use, such as rural revitalization, affordable basic infrastructure, and access to the essential service of education.
Sustainable Fitch said all eligible projects offer positive environmental or social benefits, or both.
The China-based company focuses on clean energy from solar PV, wind power, and hydropower.
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