ESR secures $2.5b sustainability-linked loan

This marks the company's 11th sustainability-linked loan.

ESR Group has successfully secured a $2.5b sustainability-linked term loan and revolving credit facilities.

This marks the company's 11th sustainability-linked loan, totalling nearly $7b.

The loan's interest rate is tied to two key performance indicators (KPIs), namely increasing solar power capacity and improving sustainability certifications for its properties. By achieving these goals, ESR can reduce borrowing costs.

“As part of our ESG 2030 Roadmap targets under the Property Portfolio pillar, we aim to set up 1,000 MW of solar power capacity on the rooftop of our assets and attain sustainable building certifications and ratings for 50% of the Group’s portfolio,” said Ivan Lim, ESR Group Chief Financial Officer.

ESR's strong ESG performance is recognised by global benchmarks like GRESB and ISS QualityScore. The company has been recognised for its enhanced ESG oversight, policies, systems, processes, and sustainability performance.

The loan was led by a consortium of banks, including HSBC, Mizuho, MUFG, OCBC, UOB, and CIMB.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia