This product is designed to promote sustainable production and business activities, supporting businesses in the process of transforming operations towards reducing carbon emissions.
“Sustainability Linked Loan” allows businesses to access capital with preferential interest rates and other benefits when achieving committed sustainable development goals such as: minimizing environmental impact, effectively using energy resources, sustainably managing supply chains, etc.
Sustainable performance targets (SPTs) associated with loans are diverse and flexibly designed according to the characteristics of each specific corporate customer.
This product is in line with BIDV's Sustainable Loan framework, in line with the SLLP Sustainability-Linked Loan principles and complies with international standards from the Loan Market Association (LMA), the Syndicated Loan and Capital Market Association (LSTA) and the Asia Pacific Loan Market Association (APLMA).
The target of the “Sustainability Linked Loan” is corporate customers in industries with high greenhouse gas emissions but with a roadmap to reduce emissions such as: Energy, Industry, Transportation, Real Estate, Agriculture. Enterprises in other industries, if they have a roadmap to reduce emissions, aiming for sustainable development goals, can apply for a loan with BIDV.
The “Sustainability Linked Loan” product is part of BIDV’s strategy to expand its portfolio of sustainable financial products, in addition to the Green Credit, Green Deposit, Green Bond and Sustainable Bond products previously deployed by BIDV. During the product deployment process, BIDV will collect feedback, evaluate and continuously upgrade the product to better meet the needs of businesses.
BIDV wishes to continue accompanying businesses in the green transformation process and ESG practices, meeting international market regulations and standards, contributing to reducing carbon emissions, towards the sustainable development goals and the Vietnamese Government's Net Zero commitment by 2050.
