Private finance has a critical role to play in catalysing the transition to a sustainable global economy. At the LMA, we are dedicated to promoting growth and innovation in sustainable lending practices, and supporting the syndicated loan market as new sustainable finance regulation emerges. Our ongoing initiatives include:
- documentation projects, including the release of model provisions for sustainability-linked loans, together with work on the preparation of an accompanying term sheet and a template mandate letter for sustainability coordinators;
- supporting the development of market practice, including the publication of updated versions of the Green, Social and Sustainability-Linked Loan Principles and accompanying guidance documents;
- responding to regulatory proposals in relation to sustainable finance; and
- attending and hosting various sustainable finance events, including our upcoming Sustainable Finance Conference on 9 November 2023.
ITFA research paper: Towards a common audit standard for sustainability reporting in trade and supply chain finance – 23 October 2023
The International Trade & Forfaiting Association’s ESG Committee has published a report authored by Dr. Rebecca Harding which expands on the challenges of regulatory sustainability reporting in the international banking and trade finance space. This latest research paper suggests significant divergence in common reporting practice across major trade and supply chain banks. Whilst regulatory reporting standards are starting to become clearer, the divergence of reporting practice identified in the research suggests that the “how” to comply and “what” to measure is not.
Please contact ITFA if you would like to discuss the paper.
On 6 November 2023 we launched the latest edition of our ESG Monthly Newsletter, which includes a video round-up of the latest ESG news from the LMA and across the market by Hannah Vanstone, together with the following:
- What's Trending Now
- Fact of The Month
- Article Alert
- Legal & Regulatory News
We have launched our new introductory guide to sustainable finance, 'Getting Started in Sustainable Finance', produced in conjunction with the Association of Corporate Treasurers.
Intended for use by new entrants to the sustainable lending market, this guide describes the background to the emergence of sustainable lending, the global commitments driving the sustainability agenda, the range of products on offer and further resources at hand to help.
We are delighted to have co-authored an article with Trowers & Hamlins focussing on sustainable finance for social housing.