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Home » News » Adani Transmissions Facility Tagged as Green Loan by Sustainalytics

Adani Transmissions Facility Tagged as Green Loan by Sustainalytics

By June 30, 2022 2:44 pm IST

Adani Transmissions Facility Tagged as Green Loan by Sustainalytics
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This is the first of its kind certification of green loan in the transmission sector in the Asia Pacific (APAC) region.

Adani Transmission Limited (ATL), India’s largest private sector power transmission and distribution company’s USD 700 Mn revolving facility has been tagged as green loan by Sustainalytics. This provides assurance on the green loan framework for the revolving facility.

“ATL has been a signatory to energy compact goals as part of COP26 and the energy compact with UN in November, 2021” said Anil Sardana, MD and CEO, ATL. “The SPO from Sustainalytics is the testament to overall philosophy of Adani Transmission to facilitate transition to green energy by increasing the share of renewable power in the overall grid, in line with India’s commitment on climate change.”

Sustainalytics had issued the independent SPO on the alignment of the reviewed framework with the current market standards and the extent to which the eligible project categories are credible and impactful. Sustainalytics has opined that ATL’s green loan framework aligns to the four core components of the green loan principles 2021 on project evaluation & selection, use of proceeds and associated contribution to sustainable development goals, management of proceeds and reporting.

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