According to Rossiter, the deal highlights the strength of HSBC’s capabilities in developing ESG-related financing and in educating lenders on the right structure to ensure successful syndication. “But more importantly, it shows our ability to provide financing that delivers positive outcomes for Australian companies’ sustainability journeys,” he said.
The transaction also points to a growing acceptance of sustainability linked loans as more Australian businesses address their environmental, social and governance risks. By marrying their sustainability performance with this form of financing, companies can effectively demonstrate their commitment to sustainability to investors, customers and wider communities.
“And as leading companies like TWE have shown, sustainability linked financing can accelerate their transition to net zero and beyond,” said Rossiter.