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Sustainable Lending

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.

Latest News

LMA interview with Shell on their US$10bn revolving credit facility linked to Net Carbon Footprint target

On 12 November 2020, we made available a written interview that was conducted with Royal Dutch Shell plc on their December 2019 US$10bn revolving credit facility. The RCF links interest and fees paid on the RCF to Shell’s progress towards reaching its short-term Net Carbon Footprint intensity target.

New guidance documents released highlighting potential applications of the GLP in the real estate context

Guidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildings

Guidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projects

New Glossary of Terms

Our new green and sustainable lending glossary will aid transparency of terms in this rapidly evolving area of the market. It covers, in alphabetical order, everything from carbon neutral to The United Nations Framework Convention on Climate Change (UNFCCC)!

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Legal/Regulatory News

09 November 2020UK Chancellor sets out ambition for future of financial services

09 November 2020FCA speech: rising to the climate challenge

09 November 2020Bank of England speech on the time to push ahead on tackling climate change

05 November 2020ESMA consults on draft advice under Article 8 of the Taxonomy Regulation

03 November 2020EBA launches consultation on ESG risk management and supervision

29 October 2020Task Force on Climate-related Financial Disclosures publishes 2020 status report

26 October 2020European Commission launches consultation on sustainable corporate governance

20 October 2020EU Commission delays application of regulatory technical standards for Sustainable Finance Disclosure Regulation

14 October 2020Basel Committee on Banking Supervision speech outlining focus of task force on climate-related financial risks

01 October 2020European Commission publishes FAQs on Platform on Sustainable Finance

Resources

Sustainability in the new world

Sustaining sustainability: have the foundations been laid for a green recovery?

From the LMA Syndicated Loans virtual conference (22-23 September 2020).

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Spotlight on Understanding the Challenge of TCFD Recommendations

Spotlight on transition finance: bridging the gap between green and brown

The EU Taxonomy – what is it and what might it mean for the loan market?

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Spotlight on Guidance to the GLP and SLLP

Rosamund Barker, APLMA; Tess Virmani, LSTA; and Gemma Lawrence-Pardew, LMA

Spotlight on Data - the missing piece?

This webinar lasts approx 20 minutes and is an interview with Todd Arthur Bridges, Partner and Global Head ...