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Sustainability-Linked-Loans Critical Fin Tools To Achieve Net Zero

Wendy Werner, India Country Head, IFC, World Bank Group, and Erik af Hallstrom, Consul General of Finland in Mumbai, during the inaugural of a conference, in Hyderabad on Thursday

Sustainability-Linked-Loans Critical Fin Tools To Achieve Net Zero
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6 Dec 2024 10:12 AM IST

Hyderabad: Sustainability linked lending and sustainability bonds are becoming important financial tools for meeting desired targets and matrix of a particular company. In India there is a strong emphasis for financial Institutions to finance Green enterprises and green projects, India head of a global development institution said. Addressing a Conference organised by FICCI (Federation of Indian Chambers of Commerce and Industry) Telangana State Council, in Hyderabad on Thursday, Wendy Werner, India Country Head, International Finance Corporation, World Bank Group, spoke about the new options coming into mainstream under Green financing. She further said, “We see sustainability-linked-loans as an important financial product for meeting sustainability goals.

It is not about one size fits all, it is about providing a framework that a company chooses to meet its own sustainability pathway and matrix, and achieving those will be benefited from the financier.” Speaking about India as a market for IFC, Wendy Werner said that India is one of their largest countries with a portfolio of $9 billion investment in private companies. “Last year we did more than a billion dollars in climate financing. We are committed to seeing those sustainability leaders and green projects grow here in India,” she added.

sustainability-linked lending green financing International Finance Corporation climate financing FICCI Telangana 
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