On January 10, Sinochem International successfully issued sustainability-linked corporate bonds to raise 3.5 billion yuan. As the first SLB issued at the Shanghai Stock Exchange, the financing will help the company fulfill its “carbon peak and carbon neutrality” commitments, deliver its ESG responsibilities, and lead the way for the green transformation and upgrading of the chemical industry.

Sustainability-linked bond (SLB) is an innovative type of bond launched by the Shanghai Stock Exchange to implement the “dual carbon” goal. The industrial upgrade of traditional enterprises can be thrusted through the combination of corporate sustainable development goals and the special design of the bond.