February 11, 2021 - The LSTA, together with the LMA and APLMA, has published updated Green Loan Principles (GLP) and accompanying Guidance. The trade associations vetted these updates with their respective working groups and the updates are summarized below:
- Social risks have been added to the categories to be considered as part of the project evaluation and selection in the GLP; and
- A new section 3.B.II.b) has been added to the GLP Guidance setting out how borrowers should seek to mitigate adverse environmental and social impacts associated with the proposed projects.
The trade associations continue to monitor developments in sustainable finance and will update the frameworks and accompanying guidance as necessary.
The LSTA’s Sustainable Finance Library is available below: