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SMBC Launches Sustainability-Linked Loan for Overseas Japanese Customers
February 5, 2021 GMT
TOKYO (BUSINESS WIRE) Feb 5, 2021
Sumitomo Mitsui Banking Corporation (“SMBC”) (President and Group CEO: Makoto Takashima) announced today the launch of Sustainability-Linked Loan (“SLL”) financing for its overseas Japanese customer’s ESG (※1) and SDGs (※2) related activities.
The objective of SLLs is to promote and support environmentally and socially beneficial economic activities by linking corporate loan terms with a customer’s performance against mutually-agreed, sustainability performance targets (“SPTs”) consistent with a customer’s sustainability strategy. The objective of the SLL is to incentivize customers to improve their sustainability performance.
GREEN LOANS AS PART OF REF INVESTMENT LENDING TRANSACTIONS AND
RERF LENDING TRANSACTIONS
The Guidance Documents broadly define green loans as any
type of loan instrument made available exclusively to finance or
re-finance, in whole or in part, new and/or existing green
projects . The Guidance Documents also offer a reminder of the
four core components of the GLPs, which consist of the
following:
Use of proceeds
Management of proceeds
Reporting
Since green loans are not sector specific, they can be used in
any industry, including REF investment transactions and RERF
transactions.
GREEN PROJECTS IN THE REF INVESTMENT CONTEXT AND THE RERF
Eni links its financial instruments to the United Nations Sustainable Development Goals energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.