SLLs are typically structured with pre-established key performance indicators or sustainability performance targets, such as lower electricity use or reduced emissions.
Oversea-Chinese Banking Corporation (OCBC) has extended a $16 million sustainability-linked loan (SLL) to textile and apparel manufacturer Ghim Li, with data collected and verified by a local fintech company.
The deal made use of the ESGpedia platform developed by STACS, a Singapore-headquartered environmental, social and governance (ESG) data and technology solutions company, the company announced on Nov 8. STACS is also a technology partner of the Monetary Authority of Singapore’s Project Greenprint.
