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Baring Asia Sets Up $3.2 Billion ESG Loan for Investments

  • ESG lending linked to gender diversity, climate change goals
  • Baring to pay lower interest rate on loan if ESG targets met
Updated on

Baring Private Equity Asia has set up a sustainability-linked loan for up to $3.2 billion as the Hong Kong-based firm plans to boost ESG investments that are gaining popularity around the world.

With initial commitments of about $1.5 billion, the credit facility will be subject to sustainability performance targets in areas such as gender diversity and climate change, according to a statement obtained by Bloomberg News. Baring will pay lower interest rate on the loan if it meets those goals, while using the proceeds to support its investment platform.