Making the link between ESG risk relevance and materiality to credit rating decisions at a sector and entity specific level. The focus on environmental, social, and governance (ESG) issues is intensifying across financial markets – the loan market included. This presentation was done be Andrew Steel, MD and Global Head of Sustainable Finance of Fitch […]
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We all saw the increase in media coverage last year of the implications of ESG (Environmental, Social and Governance) factors in the financial markets and that trend seems to only be accelerating. About a year ago we started hearing directly from our buyside members that the number of ESG questions they were receiving from end […]
LSTA Webinar on ESG Integration Into Credit Rating Analysis. To get more insight open to see the presentation and replay which is available to LSTA Members.
The focus on environmental, social, and governance (ESG) issues is intensifying across financial markets – the loan market included. Whether investors are focused on the ESG impacts of their investments or wish to ensure that ESG risks are properly understood in the credit analysis of a company, end investors are seeking increased disclosure about the […]
ESG and sustainability are two buzzwords that crop up more and more in the financial markets – the loan market included. According to Bloomberg, $97 billion in green loans and sustainability linked loans have come to the global loan market in the first three quarters of 2019. Of that activity, more than $55 billion in volume represents sustainability linked loans.
LSTA and LMA Joint Loan Market Conference in London. Registration Now Open.
That is the question answered by the sustainable finance panel at the 25th Annual Refinitiv LPC Loan Conference. Moderated by Maria Dikeos (Refinitiv LPC), the panel explored the recent growth of sustainability-linked loans (or ESG loans) in the U.S. Panelists included Sean Colvin (Louis Dreyfus), Gary Herzog (Credit Agricole), Carolyn Kee (Citiggroup), Claire O’Connor (Barclays Capital), Cara Younger (BBVA) and Tess Virmani (LSTA). The speakers outlined the benefits that these loans can have for the right borrower and also flagged some of the important considerations to be mindful of in structuring these loans.
LSTA Webinar on S&P and ESG: Credit Ratings and Beyond presented by S&P Global Ratings. To get more insight open to see the presentation and replay which is available to our Members.
The first half of 2019 has seen global sustainable finance continue to flourish. Refinitiv LPC has recorded nearly $39 billion of global green and sustainability linked loan (SLL) volume through May – a 60% increase over the same time last year. In Refinitiv LPC’s “Loanly Planet” publication that volume is broken down regionally. EMEA continues to be the regional leader in terms of issuance with 70% of the global volume, or $27 billion. However, the biggest increase in regional volume has been in the Americas. With more than $7.3 billion in green loan and SLL volume through May 2019 on the books, that seven-fold increase is evidence that sustainable finance is gaining traction on this side of the pond.
Tess Virmani is Associate General Counsel & Senior Vice President, Public Policy of the Loan Syndications and Trading Association (LSTA). Ms. Virmani focuses on developing market standards and maintaining LSTA documentation. She also leads the LSTA’s sustainable lending efforts. In addition, Tess participates in the LSTA’s policy initiatives, including market advocacy and spearheading industry solutions to market developments, such as the transition to replacement benchmarks.
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