In conjunction with the framework launch, Keppel has entered into sustainability-linked revolving credit facilities with DBS and UOB of $500 million each, with tenures of up to 3 years. The facilities come with preferential interest margins which are tied to Keppel’s achievement of certain SPTs and will be stepped-up if Keppel does not achieve those SPTs.
Keppel (SGX:BN4
) has announced the launch of its Sustainability-Linked Financing Framework on Jan 23, further integrating sustainability into the company’s financing strategy.
Developed in collaboration with DBS Bank (SGX:D05) and United Overseas Bank (SGX:U11) (UOB), who acted as joint environmental, social and governance (ESG) advisors, the framework spells out individual key performance indicators (KPIs) and sustainability performance targets (SPTs) that Keppel aims to achieve.
