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ING and Philips collaborate on sustainable loan

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In April 2017, ing group issued the world’s first sustainability-linked loan to Philips, coupling the interest rate of the EUR 1 billion loan to the company’s sustainability performance. By June 2018, Bloomberg News reported that ING Group had closed 15 similar deals where the bank would lower the cost of borrowing by between 5% and 10% based on the company’s ESG rating provided by.

 · "This is the largest sustainability-linked bilateral loan by a Singapore bank – one that is funded by a single lender and in collaboration with the borrower on achieving sustainability targets.

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ING Personal loan. unsecured personal loan with a low fixed rate, no ongoing monthly fees and no early repayment fees.. Sustainability at ING. At ING, we aim to help our customers, the community and our staff get ahead.. You’ll have the freedom to put ideas into action, collaborate.

[7] Roumpis and Cripps, 2018, Environmental Finance – the Green and Sustainability Loan Market: Ready for take-off [8] ING, 2017, ING and Philips Collaborate on Sustainable Loan [9] Wilmar, 2017, Press Release – Wilmar and ING Collaborate on Sustainable Loan in Asia

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 · "Philips is a pioneer in advancing sustainability in all areas of its business, and issuing this inaugural green innovation Bond is a good example of that," said Abhijit Bhattacharya, CFO of.

"Throughout the business cycle, we strive to support our clients’ financing needs and to drive sustainable progress through our. "Building on our proven track record for collaboration, ING recently.

 · ING will provide a loan of 10 million to help launch 24 new businesses by Syrian refugees in Turkey, as well as by vulnerable members of the Turkish host community in Gaziantep, Adana, anlurfa and Hatay, and support hundreds of additional start-ups with training and mentorship opportunities, with the cumulative goal of creating 2.200 new.

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