The Daily Star’s Post

Sumitomo Mitsui Banking Corporation – SMBC Group has lent its expertise to Environmental Finance's latest ‘Sustainable Loans Insight. This report focuses on the latest developments in the sustainable loans market, featuring in-depth analysis of loans issued in the past year.   For this edition colleagues from Sustainable Finance, EMEA Natalya Tueva (Head of Sustainable Finance), Eleni Askianaki (Director) and Indira Masullo (Director) co-authored a thought leadership piece: ‘Putting Fund Finance on a Sustainable Footing’.   This article delves into the importance of ESG factors in fund finance, key considerations, mechanisms and challenges in applying sustainable finance approaches to fund finance and offers a view on the growth potential of this market. This collaborative effort between our Sustainable Finance and Subscription Finance teams highlights SMBC’s dedication to proactively incorporating sustainable finance techniques throughout the fund finance market.   Read the article here: https://lnkd.in/ecynS4TG #TeamSMBC #SustainableFinance

🌱CapitaLand India Trust #CLINT secures S$200 million sustainability-linked loan from the IFC - International Finance Corporation. This increases CLINT’s sustainable finance to S$1.16 billion or 79% of its total loans, demonstrating its commitment to #NetZero. Sanjeev Dasgupta, CEO of CLINT, said: “Guided by our sponsor CapitaLand Investment’s 2030 Sustainability Master Plan, CLINT reduced absolute Scope 1 and 2 greenhouse gas emissions by 36% in 2023 as compared to 2019, placing us on track to fulfilling the requirements of the loan.” Imad N. Fakhoury, Regional Director of IFC for South Asia, said: “Our investment will support the decarbonisation of a portfolio of business parks through renewable energy and reduction in energy consumption, aligned with CLINT’s Net Zero targets. We expect the CLINT example to have a cascading positive impact on the sector, enabling the greening of operational, in-use buildings.” Read more: https://lnkd.in/gVuDT9Dt

✨❗ #IHI secured a transition loan agreement with @Sumitomo Mitsui Banking Corporation, following a Sustainable Finance Framework. The loan supports initiatives to reduce carbon emissions and align with #CarbonNeutral goals, leveraging funds for clean energy investments like #Ammonia. 💚💡 This move reflects IHI's commitment to #ESG management and aligns with its aim to become a sustainable, high-growth company based on Group Management Policies 2023. https://lnkd.in/gEC4rnTA #IHIAP

📝🍀 #IHI signed a transition loan agreement with Resona Bank, Limited, utilizing a Sustainable Finance Framework for GHG reduction efforts. The loan will support investment in #CleanEnergy, #Ammonia, #AeroEngines, and #Rockets to advance ESG management aligned with IHI Group Management Policies 2023. The primary goal is to make a societal impact through technology, emphasizing environmental sustainability, and striving for sustainable growth. https://lnkd.in/gFkfSRnM #IHIAP

Japan’s MUFG Launches New Sustainable Finance Network #Japan #MUFG #SustainableFinance #GreenBonds #Economy #Environment #SocialImpact #JapanFinance #Sustainability #ClimateAction #SocialImpact #EconomicSustainability #InternationalFinancialInstitutions 

Sustainable finance has developed rapidly in recent years. Financing has been systematically directed towards investments in line with sustainable development and green transition objectives across the entire financing sector from bank finance to direct lending. My colleague Lia Heasman and I wrote a blog about the latest developments in sustainable finance and related regulation. Read more: https://lnkd.in/dHcpZEJt #Banking #Finance #SustainableFinance

Mitsubishi UFJ Financial Group,a Tokyo-based banking group, announced the release of its new Sustainable Finance Framework, setting out eligible categories of environmental and social projects funded through the bank, financed through the issuance of Green, Social, and Sustainability bonds and loans. Studying this framework requires a collaborative effort with us! Let's get you started in your sustainability journey. #Sustainability #ESGReporting #CorporateSustainability #ESGNews #BihasaConstultancy Read more: https://lnkd.in/dZkCGcT8

CapitaLand India Trust Secures $200 Million Green Loan from IFC - International Finance Corporation → Highlighting the growing opportunity in sustainable finance This loan has brought CLINT's sustainable finance to $1.16 billion, which is 79% of its total loans. The key goals of these sustainability linked loans (SLLs) are: → Reducing the absolute GHG emissions in their IT business parks by 40.5% over the next 5 years. → Getting 3 selected IT parks Excellence in Design for Greater Efficiencies (EDGE) certifications by 2026. CLINT’s portfolio includes 10 world-class IT business parks, 3 industrial facilities, 1 logistics park, and 4 data center developments in India, with a total completed floor area of 21.0 million square feet. As Sanjeev Dasgupta, CEO of CapitaLand India Trust Management Pte. Ltd. says, “Tying our sustainability performance with our financing demonstrates CLINT’s commitment to responsible growth as we work towards achieving Net Zero carbon emissions for Scope 1 and 2 by 2050.” This commitment is a glimpse into the future of responsible real estate development. Looking forward to more companies joining the climate fight :) #sustainability #sustainabledevelopment #environment #carbonemissions #decarbonization

💚⚡ IHI secured a transition loan from Mizuho Bank, Ltd., to invest in clean energy like ammonia, aligning with ESG goals. The loan supports IHI's focus on environmental initiatives in line with its Group Management Policies 2023. 🍀 We have developed a Sustainable Finance Framework consistent with sectoral roadmaps and international standards. This move reflects our commitment to ESG management and sustainable growth https://lnkd.in/gMynUhRg #IHI #IHIAP #sustainability

🌍 Global Shift Toward Sustainable Finance Gains Momentum One of #Japan's largest financial institutions, MUFG, launched a new Sustainable Finance Framework, aligning with international environmental and social performance principles. MUFG has raised its 2030 #sustainablefinance target from ¥35 trillion to ¥100 trillion. Most evident in the #UnitedStates, the #EuropeanUnion and #China, #ESG principles are becoming central to financial operations. While performance reporting spreads, it is only one side of the process. Assessment is work necessary to collect the data, particularly for the Social component, which is often lacking or even non-existent. #GlobalTrends #GreenFinance #SocialImpact #SustainabilityReporting #ImpactAssessment