Data center platform company Digital Edge (Singapore) Holdings Pte. Ltd. published its first Green Finance Framework, laying out guidelines for securing green financing to fund data center projects.
Such projects aim to deliver positive environmental outcomes and are aligned with the company’s broader ESG goals, including the company's target to be a carbon neutral platform by 2030, according to a press release.
The new framework includes four eligibility criteria which must be met in order for a project to qualify for green financing: energy efficiency, renewable energy, green buildings and sustainable water and wastewater management.
Each eligibility category has associated impact indicators to measure the impact of green finance proceeds.
"The publication of green financing guidelines so early in our company’s evolution speaks to the importance of ESG commitments to our business," says Jonathan Walbridge, chief financial officer at Digital Edge.
Walbridge notes that this framework serves as an important tool to help them align their financing activities with the pursuit of their sustainability agenda and ensure they can unlock cost efficient capital.
