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ARTICLE · 23 MAY 2023

The LMA Publishes Model Provisions For Sustainability-Linked Loans

William Fry LLP
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On 4 May 2023, the Loan Market Association (LMA) published model provisions for sustainability-linked loans (SLL Provisions) in response to the growth of sustainability-linked loans in recent years.

IrelandFinance and Banking
Padraic Kinsella
Padraic Kinsella
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On 4 May 2023, the Loan Market Association (LMA) published model provisions for sustainability-linked loans (SLL Provisions) in response to the growth of sustainability-linked loans in recent years.

What are sustainability-linked loans?

The LMA's glossary defines a sustainability-linked loan (SLL) as any type of loan instrument and/or contingent facility that incentivises the borrower's achievement of ambitious, predetermined sustainability performance objectives. A borrower's sustainability performance is measured using sustainability performance targets, which include key performance indicators, external ratings and/or equivalent metrics that measure improvements in the borrower's sustainability profile.

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