IHH Healthcare, a leading global healthcare provider, has secured a landmark S$300m sustainability-linked loan from UOB, marking the first such loan for both the company and the bank in the healthcare sector. This agreement underscores IHH’s commitment to sustainable practices, aiming to cap carbon growth by 2025 and achieve net-zero emissions by 2050.
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. This framework is designed to integrate sustainability into business strategies effectively.
IHH, with over 140 healthcare facilities in 10 countries, including more than 80 hospitals, is dedicated to operating in an environmentally responsible manner. The company’s recent inclusion in the FTSE4Good Index highlights its commitment to embedding environmental, social, and governance principles across its operations.
Dilip Kadambi, IHH’s Group Chief Financial Officer, stated, “We see sustainability as an opportunity to create lasting impact. We are proud to advance sustainable financing through this loan.”
UOB, recognised as the Best Bank for Sustainable Finance in Singapore by Global Finance, has provided S$16.6b in sustainability-linked loans across various sectors as of 31 December 2024. Ang Moh Chuan, Managing Director of Group Corporate Banking at UOB, emphasised the bank’s commitment to supporting businesses in their transition to a low-carbon economy.
This partnership between IHH and UOB exemplifies how sustainable finance can drive meaningful change, setting a precedent for future collaborations in the healthcare sector.
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