ADB, Envoy Textiles Sign Its First Sustainability-Linked Loan Facility in Bangladesh
Bangladesh, Oct. 1 -- The Asian Development Bank (ADB) signed a $30 million sustainability-linked loan facility agreement with Envoy Textiles Limited (Envoy) in Bangladesh. This transaction with Envoy is a follow-on to the textile manufacturing project with the ADB in 2022. This is ADB's first sustainability-linked loan in the country. Sustainability-linked loan is a forward-looking, performance-based debt instrument with predefined key performance indicators and assessed against sustainability performance targets. The selected sustainability performance targets reflect Envoy's sustainability objectives including total installed electricity generation capacity of the rooftop solar and the amount of greenhouse gas emissions reduction.The pro...
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