Seatrium Secures $500m Sustainability-Linked Loan

Published on:
by KnowESG
KnowESG_Seatrium Secures $500m Sustainability-Linked Loan
Image courtesy of Pexels

Estaleiro Jurong Aracruz (EJA), a wholly-owned subsidiary of Seatrium Limited (Seatrium), clinched a US$500m facility from Standard Chartered Bank (Singapore) Limited.

According to Seatrium, the facility includes an innovative sustainability-linked conversion option aligned to the Sustainability-Linked Loan Principles.

“This will support Seatrium in achieving its ESG targets over time through adjustments to the loan characteristics upon conversion,” Seatrium said in a bourse filing.

Seatrium is working towards achieving 40% of its net order book from renewables and cleaner/green solutions and reducing its greenhouse gas emissions by 40% by 2030.

For more company-related news

Source: Singapore Business

Share:
esg
esg
esg
esg

Companies Headlines

Ex-Tesla Worker on Getting Fired and Calling Out Elon Musk

Ex-Tesla Worker on Getting Fired and Calling Out Elon Musk

Enagás, Calcinor Partner to Cut 900,000 Tonnes of CO2 Annually

Enagás, Calcinor Partner to Cut 900,000 Tonnes of CO2 Annually

Nviron and Npontu Catalyse ESG Growth in Africa

$500M Investment by Republic Services Targets Bottle Recycling

Consortium Receives Incentive to Expand Solar Power in Malaysia

Entergy Announces $37B Clean Energy Investment Plan

Photography Company Kodak Publishes Sustainability Report

Stagecoach Announces Additional £7.9M for Green Commute

Nova Tissue Invests £1m in Machinery to Cut Environmental Impact

Xero and Sumday Team Up on Climate Reporting for Small Businesses