Seatrium Secures $500m Sustainability-Linked Loan

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by KnowESG
KnowESG_Seatrium Secures $500m Sustainability-Linked Loan
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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.

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Source: Singapore Business

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