Beyond daily commutes: integrating ESG into mass transit networks for liveable cities

Staying close to its riders’ lives, the Hong Kong-based MTR Corporation Limited (MTR) has been committed to engineering a railway network that is both pleasant to commute on and sustainable for generations in Hong Kong.

For years, MTR has been receptive to reducing carbon emissions through implementing different measures in its businesses, such as the replacement of more energy efficient chillers at MTR stations and depots, adoption of green and low-carbon design in new buildings, and the installation of solar panels to support the development of renewable energy. 

Crédit Agricole CIB is pleased to be a partner of MTR, to support them in their financings and ESG activities. The Bank recently arranged a new account opening with ESG-linked feature for MTR. ESG-linked accounts reward clients with higher yields on their account balances as their ESG performance improves, as validated by an independent ESG rating agency. With an ESG-linked account, each sustainable project MTR undertakes will also help fund future projects MTR has developed. 

In addition, the Bank also supported MTR in its inaugural CNH 4.5 billion green dim sum public bond issuance as one of the global coordinators, lead managers and bookrunners. 

The Bank has been a trusted adviser of local sustainable finance activities in Hong Kong. Euromoney named Crédit Agricole CIB “Hong Kong’s Best Bank for Sustainable Finance” for two consecutive years.