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ARTICLE · 16 FEBRUARY 2024

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LMA Provides New Guidance On External Review Process For Sustainability-Linked Loans

Norton Rose Fulbright
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Following the release of its sustainability-linked loan term sheet provisions in October 2023, the Loan Market Association (the LMA) published updated guidance (the Guidance)...

FranceFinance and Banking
Paolo Pinna
Paolo Pinna

Following the release of its sustainability-linked loan term sheet provisions in October 2023, the Loan Market Association (the LMA) published updated guidance (the Guidance) outlining best practice for the external review limbs of, among others, the Sustainability-Linked Loan Principles (the SLLP) toolkit on 25 January 2024.

The Guidance is intended to work alongside the Green Loan Principles and the Social Loan Principles. However, this article will focus on its applicability to the SLLP specifically.

The external review guidance

The external review has a central role in ensuring credibility for third parties in sustainable lending transactions. 1

Types of external review

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