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ARTICLE · 15 MARCH 2023

Recent Developments In The ESG Loan Market In Ireland

Matheson
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Last year, we wrote about sustainability linked loans ("SLLs") and their position in the Irish loan market. Recently, the Loan Market Association (the "LMA") together the Loan Syndications...

IrelandFinance and Banking
David O'Mahony
David O'Mahony
Alma Campion
Alma Campion
Manal Awan
Manal Awan
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Introduction

Last year, we wrote about sustainability linked loans ("SLLs") and their position in the Irish loan market. Recently, the Loan Market Association (the "LMA") together the Loan Syndications & Trading Association and the Asia Pacific Loan Market Association published updated versions of the sustainability linked loan principlesOpens in new window (the "SLLP") and associated guidanceOpens in new window. Below, we highlight the changes made to the SLLP and guidance and provide an update on recent developments in relation to SLLs in the Irish loan market.

What's new? Updates to the SLLP

The SLLP are a voluntary framework which aim to promote the development and safeguard the integrity of the SLL market, while ensuring flexibility and consistency. They are based around the following updated core components:

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