ESG@RBI: FIRST ESG KPI-LINKED INTEREST RATE SWAP
We are proud to have recently closed an ESG KPI-linked interest rate swap with one of the major players in the European grocery market, thereby assisting our valued customer in achieving its long-term sustainability goals. The swap is directly linked to a simultaneously closed ESG KPI-linked term loan.
It is the first ESG-linked derivative traded by an Austrian bank, and both the swap and the underlying loan are inaugural transactions for our counterpart. Under the terms of both transactions, the company is incentivized to adapt its assortment in the fields of product offering, packaging and cooling.
Meeting the agreed KPIs will obviously have overall environmental benefits and make both the loan and the swap cheaper for our customer.
"We’re taking our commitment to ESG finance to the next level by introducing ESG KPI-linked hedging solutions," said RBI board members Peter Lennkh and Łukasz Januszewski. "We anticipate this to be the first of many such transactions."