MARC Solutions has assigned a “Gold” Impact Assessment to Leader Energy Group Berhad’s (LEGB) Green Sukuk Framework. The framework sets forth the guiding principles for LEGB’s undertaking of Green Sukuk Transactions to finance or refinance eligible green projects that are expected to deliver positive environmental impacts.

LEGB is an investment holding company operating as an integrated renewable energy infrastructure platform across the Asia Pacific region, with activities spanning the development, construction, ownership, operation and maintenance of solar photovoltaic, hydropower and wind assets, complemented by battery energy storage system and power transmission assets. In Malaysia, LEGB’s portfolio includes utility-scale solar photovoltaic assets in Kedah, alongside renewable energy and grid-support projects under development across Kedah, Sarawak and Negeri Sembilan.

Proceeds raised from the Green Sukuk Transactions in relation to the framework will be utilised to finance and/or refinance expenditures under the following eligible categories:

• Renewable Energy
• Energy Efficiency
• Pollution Prevention and Control

MARC Solutions opines that the framework is aligned with the core components of the applicable guidelines, frameworks, and principles published by the Securities Commission Malaysia, ASEAN Capital Markets Forum, and the International Capital Market Association, among others.

The “Gold” assessment of the framework reflects MARC Solutions’ view that the utilisation of proceeds under the framework is expected to generate measurable environmental impact, in alignment with two of the 17 United Nations Sustainable Development Goals.