European private equity stalwart Cinven has agreed its first sustainability-linked loan: a €4 billion facility “centred on improving the ESG performance of Cinven funds’ portfolio companies across a number of Cinven’s ESG focus areas”, the firm said in a statement last week. These areas include climate change, gender diversity and ESG governance. It is not tied to any particular fund.
Lloyds Bank was the ESG coordinator on the facility, which is fully aligned with the Loan Market Association SLL principles, the firm said.
- The LMA’s principles can be found here.
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