ING Wholesale Banking can help you with the

Sustainability improvement loan

Sustainable business presents opportunities for ING to work with clients in their transition towards tomorrow’s economy. Defining this journey together is very exciting. No longer is there only a focus on the financials – the wider cost to society is also being considered. And at ING Wholesale Banking, we are doing our bit to help businesses improve their sustainability performance.

ING constructed the first deal in the syndicated loan market where pricing is linked to a sustainability rating. The Sustainability improvement loan goes beyond the traditional concept of ‘green’, as it is specifically related to improvements in the borrower’s overall sustainability rating, or ESG score. This means social and governance elements are just as important as the environmental aspect.

The  interest rate of a Sustainability improvement loan is linked to the company’s sustainability performance. The client’s sustainability rating is benchmarked by a sustainability rating partner. If the rating goes up, the interest rate goes down - and vice versa. A Green loan is a corporate loan of which the use of proceeds is linked specifically to sustainable projects, green product development or a ‘green’ project portfolio of the client, whereas a Sustainability improvement loan can be used for general corporate purposes.

We want to help your business improve its sustainability performance and offer you the financial incentives to do so. A sustainability rating enables tracking progress, not only to assess today’s performance but also to map out tomorrow’s opportunities.

Find out how

 


Get in touch with our local office

Please get in touch with the listed office to discuss any enquiries you may have.

Spotlight on sustainability in Asia Pacific

Making the leap to a more sustainable way of operating can deliver benefits to companies’ reputation, business plans and finances. Read and learn more about the advantages of embracing sustainability in our ‘Sustainability in Asia Pacific’ eBook #2.

Download the eBook

ING helps build the world’s largest lake wind farm

October, 2019

ING and nine other European banks have closed a €700 million financing for Windpark Fryslân, a wind farm in the Netherlands’ biggest lake. Once completed, the project is expected to be the world’s largest lake wind farm.

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ING creates world’s first sustainability improvement fund financing

October, 2019

ING’s sustainability improvement capital call facility for Singapore-based Quadria Capital Management is the first in the world to link the interest rate of the private equity fund to the sustainability performance of its portfolios.

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Sustainable finance in Asia

September, 2019

A team of ING China and the Sustainable Finance APAC team have worked with the International Institute of Green Finance (IIGF), an influential think tank from China, to publish a report on sustainable finance in Asia. The report was launched in Beijing on 15 September.

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ING provides world’s first sustainability improvement derivative to SBM Offshore

August, 2019

ING has introduced the world’s first sustainability improvement derivative (SID), a derivative with a credit spread that is linked to sustainability performance. The SID is being provided to SBM Offshore in connection with its US$1 billion, five-year revolving credit facility.

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Turning reservoirs into 'energy batteries'

July, 2019

Renewable energy is the next big thing powering Singapore and Asean, according to Erwin Maspolim, head of Utilities, Power & Renewables, Asia Pacific, ING.

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Another first in ING’s green portfolio

June, 2019

ING has set up a green finance framework for ITOCHU Europe PLC, providing the first-ever green loan to a Japanese trading company.

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ING Deal of the Year Award Winner 2018 for green ship finance (Marine Money)

May, 2019

ING, together with ABN AMRO, BNP Paribas, Citibank, KfW IPEX-Bank and Societe Generale, has won the Deal of the Year Award 2018 for green ship finance by Marine Money.

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ING seals first green loan for rooftop solar projects in ASEAN

April, 2019

ING has added another 'first' to its growing portfolio of sustainable finance deals in the region by sealing the first green loan in ASEAN that is compliant with LMA/APLMA Green Loan Principles for a portfolio of rooftop solar projects.

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ING wins Green bond of the Year award (Environmental Finance)

April, 2019

The ‘Bond Awards’ celebrate market leaders for thought-leadership and best practice in the rapidly developing green bond market. ING was awarded the top spot for its 12-year €1.5 billion and 7-year $1.25 billion green bond in November 2018.

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Why sustainability is Asia’s future

March, 2019

Asia Pacific is at the beginning of a journey that will increasingly see environmental, social and governance factors considered alongside economic drivers when decisions are made by governments, corporates and citizens.

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ING races to turn firms ‘green’ in the Philippines

February, 2019

“Sustainability is ingrained in the way we do business at ING. We have been trying to engage our local clients in sustainable finance discussions for some years now. We are excited that these efforts are now finally bearing fruit and look forward to helping Philippine companies in their sustainability journey,” says Hans B. Sicat, country manager of ING Bank in Manila.

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ING partners with Dutch government to fight water challenges

January, 2019

ING’s global lead for water projects, Ambika Jindal, has been appointed to lead the Dutch government’s Valuing Water Initiative programme for the coming three years.

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ING introduces sustainable business loans with EcoVadis rating

January, 2019

ING introduces sustainable business loans for the broad group of non-listed companies. With these loans, the interest rate level increases or decreases with the achievement or not of sustainability criteria, which is assessed by the external rating agency EcoVadis.

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Is technology the climate saviour?

December, 2018

ING’s latest report ‘Technology, the climate saviour?’ suggests that technology could reduce energy-related CO2 emissions by 64% globally. This is close to the emissions reduction targets of 2050, but misses the Paris Agreement climate targets for 2030.

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Banks join ING in aligning loan portfolios to fight climate change

December, 2018

BBVA, BNP Paribas, Standard Chartered and Société Générale today announced they have joined ING in committing to measure the climate alignment of their lending portfolios, with the aim of steering them towards the well-below two-degree goal of the Paris Agreement.

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How ING achieved boardroom buy-in to launch its second green bond

November, 2018

ING this month began its second green bond transaction, launching a 12-year €1.5bn and seven-year €1.25bn green bond, just three years after unveiling its first green bond in what was then a fledgling market.

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Gecina concludes first Sustainability Improvement Loan indexed on GRESB rating

November, 2018

Gecina, the largest European Office REIT, has signed with ING France a €150m Sustainability Improvement Loan, with its margin depending, among others, on its environmental, social and governance (ESG) performance measured by its GRESB rating. This is the first commercial real estate GRESB reflected into a sustainability performance-linked loan.

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ING awarded for Bank Loan of the Year 2018 (Property Investor Europe)

November, 2018

ING won the Bank Loan of the Year 2018 award for its partnership with leading real estate investment trust Gecina.

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Banking on private finance to tackle the world’s water crisis

October, 2018

With global water resources under ever-increasing stress, a new report from WWF, ING and BCG calls for urgent efforts by corporates, investors, governments and NGOs to deliver sustainable, bankable freshwater projects, which will help improve water security, create financial value and enhance the health of the world’s river basins.

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ING arranges landmark PHP 1.06 bn green bond deal

October, 2018

Helping clients aiming to solve today’s environmental challenges, ING Bank recently arranged the first 10-year local currency green bond issuance from Southeast Asia, denominated in Philippine peso, for Sindicatum Renewables.

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ING joint green loan coordinator in Singapore’s first syndicated secured green loan

September, 2018

ING has acted as the joint green loan coordinator of the newly announced SGD 1.2 billion term loan to an indirect wholly-owned subsidiary of Frasers Property Limited. The net proceeds of this loan will be used to refinance existing loans relating to the development of Frasers Tower, a new 38-storey premium office and retail development.

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ING sustainability fund invests in Black Bear

September, 2018

ING is making a multi-million euro investment in Black Bear, a circular company based in Nederweert, Limburg, which converts used car and truck tires into raw materials for new products.

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ING Sustainability Coordinator for Olam’s sustainability-linked loan

March, 2018

ING has acted as the Sustainability Coordinator of Olam International Limited’s USD 500m sustainability-linked revolving credit facility, which is linked to its sustainability programme.

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ING tailwind makes First State’s Portuguese wind acquisition a breeze

July, 2017

First State Investments’ acquisition of Enel’s wind power assets in Portugal faced a challenging deadline. But ING’s renewables expertise and local presence enabled First State to rapidly complete a $605 million financing that met all of its requirements.

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