SINGAPORE: IHH Healthcare Bhd
has secured its first sustainability-linked loan worth S$300mil (RM996mil) from UOB, strengthening the group’s ongoing commitment to integrating and upholding sustainable practices across its operations.
In a joint statement, both parties said the facility also marked the bank’s first sustainability-linked loan for the healthcare sector.
The loan is structured under UOB’s sustainability-linked financing framework, which provides clients with pre-approved and externally validated key performance indicators and sustainability performance targets.
IHH group chief financial officer Dilip Kadambi said it sees sustainability as a chance to create a lasting impact. “As a multinational healthcare player touching millions of lives each year, we are proud to advance sustainable financing through this loan,” he said. — Bernama
