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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:

introducing guidance documentation around the role and responsibilities of a sustainability coordinator;
exploring the concept of transition finance and how existing sustainability frameworks can be amended to financially support a company's transition;
supporting the G20 sustainable finance working group in identifying efficient ways of integrating sustainability into the loan market;
exploring ways to support parties gathering information needed to make their various regulatory ESG submissions.

Latest News

Register now: Pan-African ESG Education Series – Nigeria and the global perspective (30 May 2023)

We are delighted to announce the second in our pan-African ESG Education Series, which will provide an insight into sustainable finance practices in Nigeria, before expanding the discussion to look at the position see in EMEA, APAC and North America more broadly.

Joining us for this session are expert speakers:

Seyi Bella, Banwo & Ighodalo - Partner (Nigeria)
Luka Lightfoot, Baker McKenzie – Partner (EMEA)
Kah Chin, Baker McKenzie – Partner (APAC)
Marc Tibberts, Baker McKenzie – Partner (North America)

This event will take place on 30 May 2023 at 13:30 BST/14:30 CAT/15:30 EAT on Microsoft Teams and the invitation is open to all LMA members. The session should last one hour.

LMA publishes model provisions for sustainability-linked loans

On 4 May 2023, we published model provisions for sustainability-linked loans (SLLs). These model provisions look to provide a proposed form of draft SLL provisions for inserting into LMA loan documentation, which are aligned with our Sustainability-Linked Loan Principles and accompanying Guidance notes.

Put together by an experienced working party of financial institutions and law firms active in sustainable finance, these model provisions seek to reflect current market practice, and provide a vital tool to protect the integrity of the SLL market by providing a basic drafting framework to assist parties in the negotiation of the document. The model provisions also include extensive drafting notes setting out points for parties to consider when undertaking a SLL transaction.

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LMA makes minor amendments to SLLP and SLLP, GLP and SLP guidance documents

On 20 April 2023, minor amendments were made to the below documents:

Sustainability-Linked Loan Principles (SLLP);
SLLP Guidance;
Green Loan Principles (GLP) Guidance; and
Social Loan Principles (SLP) Guidance.

Click here to view a summary of the changes.

Reorg 2022 European Sustainability-Linked Loans Wrap

In this briefing, Reorg provide a reflection on the 2022 European leveraged sustainability-linked loan market, highlighting the continued growth in their market share and identifying a number of trend in their documentation.

ESG: What to expect from financial regulators in 2023 – Disclosures, Data and 'Greenwashing' in the spotlight

In this briefing, Clifford Chance consider the sustainable finance regulatory environment for 2023, where again improving data and disclosures as well as further scrutiny of "greenwashing" in the financial sector continue to dominate the agenda.

ESG Monthly Newsletter March 2023

On 17 March 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 Gemma Lawrence-Pardew, together with the following:

What's Trending Now
Fact of The Month
Briefings
Documentation Alert
Legal & Regulatory News

20 April 2023Minor amendments to SLLP and SLLP, GLP and SLP guidance documents

03 April 2023OECD members agree to EU initiative to modernise export credits

29 March 2023LMA, LSTA and APLMA release a summary of the changes made to the Guidance on the Green and Social Loan Principles

14 March 2023LMA, LSTA and APLMA release a summary of the changes made to the Guidance on the Sustainability-Linked Loan Principles

28 February 2023UK Competitions and Markets Authority release consultation on draft guidance for the application of competition rules to environmental sustainability collaboration

28 February 2023EU negotiators announce provisional agreement reached on European Green Bond Standard

23 February 2023GTAG releases report on promoting the international interoperability of a UK green taxonomy

17 February 2023European Banking Federation releases proposals for an EU framework for financing the green transition

17 February 2023Delegated Regulation amending SFDR RTS comes into force

17 February 2023ISSB announces the go-live date for its first two sustainability reporting standards

Briefings

The European Critical Raw Materials Act

In this briefing, Clifford Chance consider the European Commission's proposed Critical Raw Materials Act and how this legislation might protect EU member states' supply chains in the transition to net zero.

Transition Finance: New Opportunities and Challenges for Financial Institutions

In this briefing, Baker McKenzie consider the growing emergence of Transition Finance products, highlighting how these alternative products can aid the transition of hard-to-abate sectors, the risks and opportunities surrounding these product, as well as the imperative that borrowers ensure they have a credible, net zero aligned, transition plan.