Promoting growth and innovation in the sustainable and green lending markets
Sustainability is increasingly at the forefront of strategic planning. We are dedicated to promoting growth and innovation in the sustainable and green lending markets, and invite you to join with us in this global project. Our current initiatives include:
- standardisation of various documentation and clauses to support ESG market;
- developing standard set of material disclosure topics in conjunction with ELFA and the UN PRI;
- supporting Green Finance Institute in identifying the role of finance in the retrofitting and development of low-carbon UK homes;
- assisting the drafting of ISO's standards on green debt instruments; and
- participating in various ICMA working groups.
On 4 June, the LMA, LSTA and ELFA published their first ESG Diligence Questionnaire: "ESG Diligence Questionnaire – Asset Manager". This Questionnaire is designed to be completed by asset managers and shared with investors.
This document looks to streamline the varied and often duplicative ESG information requests to which asset managers are routinely responding. The hope is that by having a Questionnaire that is developed based on the most common of those information requests this document can offer an “industry standard” which can be broadly accepted.
On 3 June we launched the latest edition of our ESG Monthly Newsletter, which includes a video round-up of LMA activity in the ESG space by Gemma Lawrence-Pardew, together with the following:
- What's Trending Now
- What's Your View?
- Documentation Update
- Virtual Events
- Legal & Regulatory News
The LMA, APLMA and LSTA publish updated Sustainability Linked Loan Principles and accompanying guidance
On 27 May 2021, the LMA, APLMA and LSTA published updated Sustainability Linked Loan Principles and accompanying guidance. The key amendments seek to further promote the transparency and integrity of the sustainability linked loan product.
All transactions completed prior to 3 June 2021 will be exempt from following the revised SLLP, and instead should be reviewed in conjunction with the SLLP published May 2020.