Responsible Investing

Keppel Credit is firmly committed to environmental, social and governance (ESG) principles with ESG considerations integrated throughout its investment process.

We are guided by an in-house environmental, social and governance (ESG) framework which has been formulated based on elements from international standards such as the United Nations Principles for Responsible Investment (UNPRI) and the United Nations Global Compact (UNGC). The framework is designed to incorporate ESG considerations in every stage of our investment process.

Through this framework, we seek to promote responsible corporate practices, in our own organization, in the funds we manage, as well as in the portfolio companies we invest in.

We believe that active management of ESG issues is critical in generating long term value for our investors, stakeholders and employees in a rapidly evolving global landscape. We are committed to promoting sustainability and seek to invest in companies or projects that demonstrate ethical and responsible ESG practices.

While we are cognizant that ESG management typically falls under the purview of equity investors who as shareholders have a greater ability to effect change, we believe that debt investors can also play a role in furthering the ESG agenda. From a business perspective, we also believe that ESG issues can have a potentially material adverse impact on a company’s bottom-line if left unaddressed.

ESG considerations are therefore an integral part of holistic risk analysis, and companies with sound ESG practices essentially represent lower-risk investments. Lastly, as a private credit investor focused on downside risk protection, analysis of such ESG factors is wholly consistent with our goal of delivering optimal risk-adjusted returns.

Keppel Credit (formerly known as Pierfront Capital) is proud to be named “Responsible Investor of the Year, Asia Pacific” at the 2022 and 2023 Private Debt Investor Awards. This award recognizes the merit of Keppel Credit’s private credit platform and its continued commitment to providing responsible investment solutions to the real assets sector in Asia Pacific.

Responsible Investment

As a global asset manager and operator, Keppel, through its Fund Management and Investment (FM&I) platforms, is a signatory of the United Nations (UN)-supported Principles for Responsible Investment.

Sustainable Finance Disclosure Regulation

Keppel Credit’s third fund, Keppel Private Credit Fund III, is an SFDR Article 8 compliant fund.

Our Climate Strategy

Keppel Credit recognises the risks posed by climate change and supports the Paris Agreement goal to limit global temperature increase to 1.5°C compared to pre-industrial levels. Keppel Credit adheres to Keppel’s sustainability practices and supports Keppel’s commitment of halving Scope 1 & 2 emissions by 2030 and achieving net zero Scope 1 and Scope 2 emissions by 2050. As a global asset manager and operator, Keppel, through its Fund Management and Investment (FM&I) platforms, is a signatory of the United Nations (UN)-supported Principles for Responsible Investment and is committed to adopting and implementing the six Principles where possible.

Below, we set out the overarching climate objectives that guide our investments and operations. These reflect our commitment to contribute to the goals of the Paris Agreement and to adopt international best practices in climate risk management, and will be embedded into the fund’s climate policy which is now being developed:

We aim to integrate considerations of climate-related risks and opportunities, including physical and transition risks throughout our investment process;
We have already explicitly committed not to make any investments in coal-fired power generation, mining of thermal coal, extraction of peat, energy generation from peat, nuclear energy projects, and exploratory fossil fuel projects;
We aim to provide clear and consistent reporting on climate-related performance of our investments and operations to our stakeholders, including fund investors.

The above objectives are underpinned by our commitment to responsible investing, and our belief that strong ESG practices are essential prudent risk management. As a private credit investor focused on downside risk protection, consideration of climate risks and other ESG factors is fully aligned with our goal of delivering optimal risk-adjusted returns.

Meet Our ESG Committee

Keppel Credit has established a dedicated ESG Committee to monitor existing ESG practices as well as assess and advise on strategic measures to enhance Keppel Credit’s approach to ESG.

Our ESG Committee includes representatives from various functions to ensure ESG considerations are proactively integrated across the business.

Stéphane Delatte

Chief Executive Officer and Chief Investment Officer

Stéphane is the CEO and CIO of Keppel Credit and provides the strategic leadership and vision for the company. He has been with Keppel Credit since its inception in 2016 and is directly responsible for the day to day running of the firm. He has 30 years of experience in private credit, private equity and project financing, including over 25 years of experience in Asia.

Prior to Keppel Credit, he served as Managing Director in Asia for CLSA Capital Partners for 12 years where he was in charge of Private Credit investments. He also previously served as Vice President for Dresdner Kleinwort Capital, Vice President of the Asian Mezzanine Infrastructure Fund, and prior to that as Vice President in the project finance division of Credit Lyonnais.

Stéphane holds a BSc in Corporate Finance from Kedge Business School and a Master’s in Financial Engineering from Emlyon Business School.

Wei Teck Chua

Managing Director

Wei Teck joined Keppel Credit in 2016 and is responsible for the origination, structuring, negotiating and monitoring of transactions at the firm. He has over 20 years of experience in debt financing, with a focus in originating high-yield, mezzanine, structured and private credit transactions.

Prior to Keppel Credit, he served as an Executive Director in Swissco Holdings, an offshore marine company listed on the SGX. He also worked in the structured finance teams of major financial institutions in Hong Kong, London and Singapore, including Standard Chartered, Rothschild & Co., and UBS.

Wei Teck holds a Master’s in Accounting & Finance from the London School of Economics and Political Science.

Lilian Goh

Managing Director, Investor Relations & Sustainability Investor Relations & Sustainability

Ms Lilian Goh has 20 years of experience in investor relations in the real estate and REIT industry. She is currently Managing Director, Investor Relations and Sustainability at Keppel Ltd.’s Fund Management and Investment (FM&I) platforms, overseeing the investor relations functions for Keppel’s listed REITs and Trust. Ms Goh also drives sustainability initiatives at Keppel’s FM&I platforms. Prior to this she has headed the investor relations function with OUE Hospitality REIT Management Pte. Ltd., the REIT manager of OUE Hospitality Trust, and was with The Ascott Group for more than nine years from 2004 to 2013, where she was part of the team that listed Ascott Residence Trust in 2006.

Ms Goh holds a Bachelor of Communication Studies degree and a Master of Business Administration both from Nanyang Technological University. She also has a Master of Science (Environmental Management) from National University of Singapore.

Samuel Seow

Vice President - Portfolio Management

Samuel joined Keppel Credit in 2025 and is supporting the team in portfolio construction, portfolio management, performance monitoring and ESG related matetrs. He brings over 10 years of private markets experience covering portfolio management, investor relations, and external reporting.

Samuel started his career in KPMG’s audit practice, specializing in the financial services sector. Prior to Keppel Credit, he was a Senior Portfolio Manager at Partners Group, where he managed the firm’s real estate co-mingled funds and Separately Managed Accounts. Samuel holds a double degree in Accountancy and Business (Banking and Finance) from Nanyang Technological University.

Grievance Mechanism

As part of our commitment to ensure that the companies or projects we finance are undertaken with due consideration to Environmental and Social (E&S) risks and concerns, Keppel Credit has in place a Grievance Mechanism aimed at providing a forum for those adversely affected by projects that we finance to voice their E&S concerns.

Any E&S-related complaints or concerns relating to companies or projects that are financed by Keppel Credit may be submitted to Keppel Credit by phone at +65 6270 6666 , by email to egrm.keppelcredit@keppel.com, or by post to 1 HarbourFront Avenue, #05-03A Keppel Bay Tower, Singapore 098632

Click here to find out the information required and process for lodging grievances

Keppel Credit also manages capital on behalf of the Asian Infrastructure Investment Bank (AIIB). In the event that any project-affected people’s concerns related to investment activity undertaken by funds managed by Pierfront in which AIIB is an investor are not satisfactorily addressed by Pierfront, they may also raise their concerns regarding the environmental and social aspects of a relevant project with AIIB under the AIIB Project-affected People’s Mechanism (AIIB PPM)

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