Key Updates of Green, Social and Sustainability-Linked Loan Principles
On 23 February 2023, the Asia Pacific Loan Market Association, Loan Market Association and Loan Syndications and Trading Association jointly published updates on the Green, Social and Sustainability-Linked Loan Principles (the “Principles”) together with their supporting guidance documents (the “Guidance”).
All transactions completed prior to 9 March 2023 will be exempted from following the updated Principles and Guidance, and instead should be reviewed in conjunction with the Principles and Guidance in force at the time of the loan’s origination, extension or refinancing, as applicable.
All green, social and sustainability-linked loans originated, extended or refinanced after 9 March 2023 must fully align with the updated Principles and Guidance to be classified as green, sustainability-linked or social loans.
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