BNP Paribas grants the first Inclusive & Sustainability-Linked Financing to three major microfinance players in France, Italy and Brazil

Over the past several years, BNP Paribas has been very active in Sustainability-Linked Loans (SLL), which aim to foster companies to improve their ESG performance by directly linking the financial conditions of the loan to primarily environmental but also social or governance objectives. By end September 2023, BNP Paribas was No. 1 worldwide and in EMEA in sustainable finance[1]. BNP Paribas has been supporting microfinance institutions for over 30 years. By drawing on their expertise in Sustainability-Linked Loans (SLL), the bank aims to adapt this financial mechanism to microfinance through Inclusive & Sustainability-Linked…

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Britvic announces first sustainability-linked financing deal

Britvic has agreed its first sustainability-linked credit facility, allowing it to borrow up to £400 million over the next five years whilst linking the margin of the facility to its sustainability goals. The five-year facility, which can be extended by a further two years, was co-ordinated by Rabobank and has been provided by a group of seven lenders. The facility is linked to the progress Britvic makes against three sustainability targets. The better Britvic performs against these targets, the further the margin will reduce. Britvic has committed to reaching these…

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