HSBC’s transaction banking deal with Eland Cables shows how sustainability-linked finance can be woven into treasury structures to create direct, measurable environmental, social and governance (ESG) incentives.
The bank’s deal with Eland Cables centred on a facility that combined asset-based lending (ABL) with a sustainability improvement loan (SIL), the first of its kind across HSBC globally.
The SIL gives clients the opportunity to link their cost of capital to their EcoVadis sustainability rating, which means improvements in sustainability performance directly reduce financing costs.
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