“We have extended our ESG management to our financing strategy by receiving the sustainability-linked loan from DBS,” says Yoon Poong-young, chief financial officer of SKT. “We will do our best to create a virtuous cycle where proactive ESG-related efforts are translated into greater enterprise value.”
South Korean wireless telecommunications operator, NYSE-listed SK Telecom, has secured its first sustainability-linked loan facility from DBS Bank in Singapore.
The three-year loan facility of KRW200 billion ($238 million) features interest rate discounts pegged to pre-determined environmental, social and governance (ESG) targets including carbon emissions management as well as workplace health and safety metrics.
