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Sustainable Finance Sustainability-Linked Loans (SLLs)

A&O Shearman

FCA Update on Sustainability-linked Loans Market

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The UK Financial Conduct Authority (FCA) published a letter to heads of sustainable finance on the sustainability-linked loan (SLL) market and by way of update since the FCA's previous letter on this topic in 2023. The FCA...more

Cadwalader, Wickersham & Taft LLP

ESG in Fund Finance: The Next Phase April 2024 - ESG in Fund Finance

In the first of our series “ESG in Fund Finance” articles, we summarise and examine the recent publication “A Guide to the Application of Sustainability-linked Loan Principles in Fund Finance”....more

Sullivan & Worcester

A Practical Discussion of the Drafting and Negotiation of Sustainability-Linked Loans

Sullivan & Worcester on

Our latest Trade & Export Finance webinar, delivered by Maria Capocci (Associate) and Ellis Lawson (Partner), considered the different types of environmental, social and governance (ESG) loans and their current position in...more

A&O Shearman

Resurging opportunity for Sustainability-linked Loans in Indonesia

A&O Shearman on

In February 2023, the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) re-issued the Sustainability-linked Loan (SLL) Principles and the...more

Cadwalader, Wickersham & Taft LLP

UK Regulator Raises Concerns over the Sustainability-Linked Loans Market, Including Potential Greenwashing

On June 29, 2023, the Financial Conduct Authority, the UK’s financial markets regulator, released a summary of its concerns over the market for sustainability-linked loans (SLLs). Responding to concerns that banks overstate...more

Hogan Lovells

SLLs: Recent oversight developments and comparing the LMA, LSTA and APLMA approaches

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The LMA published its Draft Provisions for Sustainability-Linked Loans on 4 May 2023, following on from the updated the Sustainability Linked Loan Principles published in February 2023. In this article, we take an in depth...more

Blake, Cassels & Graydon LLP

Prêts liés à la durabilité : essor du financement durable et mise à jour des indications aux prêteurs et aux emprunteurs

Un prêt lié à la durabilité s’entend de tout type d’instrument de prêt qui est structuré de façon à inciter l’emprunteur à atteindre des objectifs de rendement en matière de durabilité prédéterminés, ambitieux, importants et...more

Blake, Cassels & Graydon LLP

Sustainability-Linked Loans: Growth of the Sustainable Finance Market and Updated Guidance for Lenders and Borrowers

A sustainability-linked loan (SLL) is any type of loan instrument structured to incentivize the borrower to achieve ambitious, material and quantifiable predetermined sustainability performance objectives. The SLL market is...more

Cadwalader, Wickersham & Taft LLP

Going Upstream May 2023 - Sustainable Finance: Maintaining Integrity

The LSTA and LMA hosted their Joint New York Conference recently. One of the panels focused on “Sustainable Finance: Maintaining Integrity” and featured an impressive line-up of industry leaders in this space, including...more

Cadwalader, Wickersham & Taft LLP

Action Required August 2022: Sustainability-Linked Loans Series, Part 4 – SLLP Core Components in Detail (Continued)

In our July edition of REF News and Views we began our deep dive into the Sustainability-Linked Loan Principles (“SLLP”) core components (“Core Components”). As a reminder, the SLLP set out a framework, with the aim to...more

Cadwalader, Wickersham & Taft LLP

What's the Use (Clause)? July 2022: Sustainability-Linked Loans Series, Part 3 – The SLLP Core Components in Detail

In our June edition of REF News and Views, we further explored the growing field of sustainability-linked loans (“SLLs”) by introducing and outlining the Sustainability-Linked Loan Principles (“SLLP”) and the SLLP core...more

Cadwalader, Wickersham & Taft LLP

That's 'Interest'ing May 2022: Sustainability Linked Loans Series, Part 1 – Introduction to Sustainability Linked Loans

In our last few editions of REF News and Views, we featured the Green Loan Series of articles in which we discussed the emergence of “green loans” and the Green Loan Principles − those principles that form the proposed...more

Cadwalader, Wickersham & Taft LLP

That's 'Interest'ing May 2022: Sustainability-Linked Loans Series, Part 1 – Introduction to Sustainability-Linked Loans

In our last few editions of REF News and Views, we featured the Green Loan Series of articles in which we discussed the emergence of “green loans” and the Green Loan Principles − those principles that form the proposed...more

Blake, Cassels & Graydon LLP

Développements récents en financement durable : les principes applicables aux prêts sociaux

Le 13 avril 2021, la Loan Market Association (« LMA »), la Loan Syndications and Trading Association (« LSTA ») et l’Asia Pacific Loan Market Association (« APLMA ») ont publié conjointement leurs principes applicables aux...more

Blake, Cassels & Graydon LLP

Newest Development in Sustainable Finance: Social Loan Principles

On April 13, 2021, the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA) and the Asia Pacific Loan Market Association (APLMA) jointly published their Social Loan Principles (SLPs)....more

Cadwalader, Wickersham & Taft LLP

ESG Loans – The Next Big Wave in Fund Finance

There has been a dramatic increase in appetite amongst funds for sustainability linked loans (SLLs), which are often commonly referred to as “ESG linked loans” or “KPI loans,” an appetite that is expected to continue to...more

Skadden, Arps, Slate, Meagher & Flom LLP

Sustainability-Linked Loans on the Rise Despite COVID-19

Pre-COVID-19, pressure from investors, stakeholders and regulators helped jump-start green financing. The onset of the pandemic brought a temporary chilling effect to the global economy, but because sustainability-linked...more

White & Case LLP

Sustainability-linked loan or green loan: Which? When? Why?

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The Loan Market Association ("LMA"), Loan Syndication and Trading Association ("LSTA") and Asia Pacific Loan Market Association ("APLMA") have published new guidance on the key aspects of the Green Loan Principles ("GLP") and...more

White & Case LLP

New industry guidance clarifies the sustainable loan market

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The Loan Market Association ("LMA"), Loan Syndication and Trading Association ("LSTA") and Asia Pacific Loan Market Association ("APLMA") have published new guidance on the key aspects of the Green Loan Principles ("GLP") and...more

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