1. Introduction
On 23 February 2023, a joint working group comprising of the
Loan Market Association, the Loan Syndications and Trading
Association and the Asia Pacific Loan Market Association published
updated principles and guidelines on the Green Loan Principles (the
"GLPs"), which were last updated in
February 2021. The GLPs aim to promote the development of the green
loan product by providing a recommended framework of market
standards and guidelines whilst allowing the loan product to retain
flexibility.
1.1 Green loans are defined by the GLPs as any type of loan
instruments and/or contingent facilities made available exclusively
to finance, re-finance or guarantee, in whole or in part, new
and/or existing eligible green projects. To this extent, the GLPs
recognise non-exhaustive categories of eligibility for green
projects such as: climate change mitigation and adaptation, natural
resource conservation, pollution prevention and control, renewable
energy,
