Dubai: Etihad Raises $1.2 Billion in Sustainability-Linked Debt

Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation.

The airline said this was the first sustainability-linked loan in global aviation tied to ESG targets, which relate to reducing carbon emissions and improving corporate governance in addition to advancing female participation.

“Through our Greenliner programme, we are pursuing multiple sustainability-related initiatives at Etihad Airways to improve the environmental footprint of aviation, and green financing is a key part of our strategy,” the group’s CFO Adam Boukadida said.

Etihad has committed to a target of net zero carbon emissions by 2050.

HSBC and FAB acted as joint ESG structuring banks, joint ESG coordinators, joint bookrunners and mandated lead arrangers. FAB also acted as facility agent.

The original article was posted on usnews.com

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