The new product is part of BIDV's strategy to expand its portfolio of sustainable financial products, in addition to Green Credit, Green Deposit, Green Bond products...
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| BIDV wishes to continue accompanying businesses in the green transformation process and ESG practices. |
Promoting its pioneering role in sustainable finance in Vietnam, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has just launched the Sustainability-Linked Loan (SLL) product. This product is designed to promote sustainable production and business activities, supporting businesses in the process of transforming their operations towards reducing carbon emissions.
“Sustainability Linked Loan” allows businesses to access capital with preferential interest rates and other benefits when achieving committed sustainable development goals such as: minimizing environmental impact, efficient use of energy resources, sustainable management of supply chains, etc. The sustainable performance targets (SPTs) associated with the loan are diverse and flexibly designed according to the characteristics of each specific business customer.
This product is in line with BIDV's Sustainable Loan framework, in line with the Sustainability-Linked Loan Principles (SLLP) and complies with international standards from the Loan Market Association (LMA), the Syndicated Loan Trading and Trading Association (LSTA) and the Asia Pacific Loan Market Association (APLMA).
The target of the “Sustainability Linked Loan” is corporate customers in industries with high greenhouse gas emissions but with a roadmap to reduce emissions such as: Energy, Industry, Transportation, Real Estate, Agriculture. Enterprises in other industries, if they have a roadmap to reduce emissions, aiming for sustainable development goals, can apply for a loan with BIDV.
The “Sustainability Linked Loan” product is part of BIDV’s strategy to expand its portfolio of sustainable financial products, in addition to the Green Credit, Green Deposit, Green Bond and Sustainable Bond products previously deployed by BIDV. During the product deployment process, BIDV will collect feedback, evaluate and continuously upgrade the product to better meet the needs of businesses.
BIDV wishes to continue accompanying businesses in the green transformation process and ESG practices, meeting international market regulations and standards, contributing to reducing carbon emissions, towards the sustainable development goals and the Vietnamese Government's Net Zero commitment by 2050.
Source: https://baoquocte.vn/bidv-ra-mat-cong-cu-tai-chinh-moi-de-doanh-nghiep-chuyen-doi-xanh-phat-trien-ben-vung-296846.html
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