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Loans linked to ESG face overhaul by under-pressure banks

Corporate loans whose costs are linked to environmental, social and governance goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into a.

Bankers Seek Legal Cover After Backing $1 5 Trillion of ESG Debt

(Bloomberg) Bankers servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria

Bankers seek legal cover after backing $1 5T of ESG debt

BANKERS servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead. In the handful of years they’ve existed, sustainability-linked loans have mushroomed into a $1.5-trillion market. SLLs let borrowers and lenders say that a…

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