Landmark sustainability-linked loan indicates a shift towards sustainable finance solutions
28 Aug 2020
Equites and Standard Bank have concluded a R1.6 billion sustainability-linked facility agreement comprising of two R800 million tranches. The interest rate is linked to Equites’ achievement of certain pre-agreed ESG performance targets.
These target areas include: ESG integration, which relates to green building certifications and other metrics; product governance, which partly relates to occupier satisfaction; business ethics; and human capital, which partly relates to gender pay equality outcomes.