Sustainability-linked Bond (carbon emissions as KPI)

The Sustainability Performance Target (SPT) for NTU's Sustainability-linked bond is to achieve carbon neutrality by 2035, while aiming to reduce gross carbon emissions intensity by at least 50% from the 2019 baseline. 

Nanyang Technological University’s Sustainability Framework provides further information on the University's sustainability commitments and how it plans to achieve its goals. For more information on the inaugural issuance of NTU's sustainability-linked bond, read this news release.

Please read PwC’s report on the findings of NTU’s process for the selection of key performance indicators and calibration of sustainability performance targets in connection with NTU’s Sustainability-linked Bond Framework in October 2021.

The structure of our Sustainability-linked bond is well suited to NTU as it allows the university not only to invest in sustainability projects but also research and education. For more details, please click here.

Please refer to our Sustainable Investment Policy here.

NTU holds a 'AAA' credit rating, the highest possible, by Moody’s Investors Service, and is one of only 22 universities globally and one of only 2 universities outside the United States with this rating. Please refer to this document for reference.

As noted in Appendix 1 under the Reporting Criteria section of the Assurance Report by PWC, NTU reports its' carbon emissions with reference to the Greenhouse Gas (GHG) Protocol. 

• From 2011 to 2019, Scope 1 emissions amounted to between 0.95% to 1.31% of NTU's total Scope 1 and Scope 2 gross carbon emissions.
• 2019 baseline emissions amounted to 78,607,586kgCO₂e with 2019 gross floor area of 1,404,030m²