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Finance

European Firms Shift More of Their Debt Towards Ethical Goals

  • H&M, Enel have tied more than half their borrowings to ESG
  • Around 70 firms have at least two sustainability-linked deals

A growing number of European companies are expanding their foothold in the sustainable finance market by tying multiple debt deals to ethical goals.

Key players in industries like fashion and industrials are linking terms of at least two of their core financing facilities to environmental, social and governance targets, according to data compiled by Bloomberg. Overall, ESG targets are present in 26% of European corporate loans this year, up from 19% in all of 2021.