DBS Bank ( Hong Kong ) and property developer Nan Fung Group have successfully closed a five-year multi-currency sustainability-linked loan ( SLL ) amounting to HK$1.5 billion ( US$192.96 million ) in the third quarter.

This SLL is the first financing that has incorporated a key performance indicator ( KPI )-linked with Nan Fung’s social value measurement. The social value KPI tracks the monetary equivalent value of the social impact generated or facilitated by the developer across its Hong Kong portfolio.

Nan Fung has generated or facilitated HK$46.6 million of social value, as of March 2025, through targeted initiatives shaped by stakeholder engagement and materiality assessments in Hong Kong. Highlights include the Airside Sports Date, fostering wellness and social inclusion; the Senior Docent Programme, empowering older adults and retirees as Airside tour guides; and the Farming Assistant Programme, where elderly citizens are trained to work as part-time farming assistants and exhibition docents at the developer’s Airside mixed-use commercial development in Hong Kong.

These initiatives address issues from sustainable production and consumption to empowering elders, benefiting tenants and the broader community, while reinforcing Nan Fung’s commitment to social cohesion under its SEWIT sustainability framework.

In addition, this SLL is also linked to other sustainability performance targets, including Nan Fung’s Net Positive Lease tenant engagement programme and renewable energy generation.

“This SLL reinforces our dedication in promoting sustainable finance and supporting our clients in creating positive social impact for their stakeholders and wider communities,” says Boris Chan, DBS Hong Kong’s managing director and head of institutional banking. “We believe that financial institutions have a pivotal role in driving sustainability initiatives that foster resilient communities and a better environment.”