Air Selangor developed a sustainability strategy for the period of 2020 to 2022, themed "Connecting the Drops" which is aligned to the organisation's Vision and Mission, the United Nations’ ("UN") Sustainable Development Goals ("SDGs"), and our 30-year capital investment programme.
In order to achieve our goals, we established our inaugural 30-year Sukuk programme under which we will be able to issue SRI Sukuk Kelestarian Air Selangor ("Sukuk Kelestarian").
In connection to that, the Air Selangor Sustainable Development Sukuk Kelestarian Framework (or the "Framework") was developed to ensure transparency, disclosure, and integrity in the issuance of Sukuk Kelestarian.
Proceeds from the issuance of Sukuk Kelestarian will be utilised to finance, refinance, or invest in eligible projects in accordance with the Framework. Such projects would be in line with our capital investment programme, sustainability strategy, and priority SDGs.
We are committed to publish an annual allocation report, and an impact report, until the proceeds of the Sukuk Kelestarian have been fully allocated. These reports will be made available publicly, on our corporate website.
Air Selangor appointed RAM Sustainability Sdn. Bhd. ("RAM Sustainability") as an independent party to provide a Second Party Opinion on the Sukuk Kelestarian Framework.
For more information, please click on the documents below:
Sustainable Development Sukuk Kelestarian Framework
Second Opinion Report on the Sukuk Kelestarian Framework