Environmental and Social (E&S) Framework

Clifford Capital’s primary business is to structure, arrange and provide financing solutions across the debt capital spectrum in support of Singapore companies in the infrastructure, offshore marine and shipping sectors when they seek to invest or export overseas.

We recognise the need to consider the potential environmental and social risks brought about by projects that Clifford Capital finances, as well as to identify and appropriately address any such impacts that may consequently arise. Hence, all projects are screened using our E&S Framework prior to our involvement in any financing.

The objectives of our E&S Framework are to provide a methodical basis on which we can:

  • Integrate E&S considerations into the review of transactions, to consistently and effectively identify E&S risks, impacts and opportunities in transactions;
  • Articulate our approach to managing and mitigating these risks, impacts and opportunities;
  • Work with clients, projects and co-financiers to continuously seek improved E&S practices; and
  • Set out the responsibilities for E&S risk and impact identification, assessment, decision-making, as well as monitoring and escalation.

The E&S Framework also requires screening of transactions against an Exclusion List. Clifford Capital will not finance any activities on our Exclusion List, including any sanctioned party or activities.

Clifford Capital’s approach is to actively engage with our clients and borrowers to ensure that the E&S impact of a given project has been carefully considered and where necessary, ensure that the project adopts and implements an E&S risk mitigation/action plan. For projects that are co-financed with other financial institutions such as multi-laterals and commercial banks, we work collaboratively with co-financiers to consider the relevant guidelines adopted by these institutions, such as the ADB Safeguard Policy Statement 2009, IFC Performance Standards and the Equator Principles.