Post by sweetpea33 on Jan 22, 2024 6:28:32 GMT
For De Paoli, AB InBev’s loan has been welcome news. For many companies, sustainability issues are increasingly becoming business issues, attracting the attention of the treasury and CFO offices. When Enel, an Italian utility, launched a $1.61 billion sustainability-linked credit facility in 2019, it did so as part of its sustainability-linked financing framework, and to mark its commitment to the UN Sustainable Development Goals. Now, as the utility charts its way toward decarbonization, this facility gives it a key KPI target to aim for. In other words, get market-based credit for investing in renewable energy and alternative energy solutions. "
Realizing that the only way forward to run a viable sustainable company is by choosing the sustainable way, that is, helping decarbonize our Email List economy, digitize our infrastructure and electrify consumption," he offered. These sustainability goals have become part of the utility’s overall business strategy. Carrot and stick And the market responded. Moody’s upgraded Enel’s long-term credit rating in January, citing progress in improving the group’s business risk profile as a result of its investments and efforts.
As Emily Chasan, who served as the GreenFin session moderator, recently wrote, there were few mechanisms in the market to truly hold companies accountable for reaching their sustainability goals before the recent rise of sustainability-linked loans. A shareholder proposal, even if it got approved, often led to disclosure about how a company was performing — but not necessarily to better performance. More often, a company would fall onto the more comfortable tactic: disclosing actions but not impact.
Realizing that the only way forward to run a viable sustainable company is by choosing the sustainable way, that is, helping decarbonize our Email List economy, digitize our infrastructure and electrify consumption," he offered. These sustainability goals have become part of the utility’s overall business strategy. Carrot and stick And the market responded. Moody’s upgraded Enel’s long-term credit rating in January, citing progress in improving the group’s business risk profile as a result of its investments and efforts.
As Emily Chasan, who served as the GreenFin session moderator, recently wrote, there were few mechanisms in the market to truly hold companies accountable for reaching their sustainability goals before the recent rise of sustainability-linked loans. A shareholder proposal, even if it got approved, often led to disclosure about how a company was performing — but not necessarily to better performance. More often, a company would fall onto the more comfortable tactic: disclosing actions but not impact.