{"id":75114,"date":"2022-12-06T01:54:51","date_gmt":"2022-12-06T01:54:51","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/"},"modified":"2022-12-06T01:54:51","modified_gmt":"2022-12-06T01:54:51","slug":"majid-al-futtaim-is-going-for-another-sustainable-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/","title":{"rendered":"Majid Al Futtaim is going for another sustainable loan"},"content":{"rendered":"

<\/a> UAE-based retail giant Majid Al Futtaim (MAF) has raised a USD 1.25 bn <\/strong>sustainability-linked loan (SLL)<\/strong>, the company said<\/a> yesterday. This is the company\u2019s second second SLL and will be linked to sustainability performance targets set by the company through a revolving credit facility.<\/p>\n

Advisors: <\/strong>First Abu Dhabi Bank led the transaction and acted as the company's sustainability coordinator and agent for the SLL.<\/p>\n

Where\u2019s the money going? <\/strong>MAF will use the loan to implement measures to reduce Scope 1<\/a>and Scope 2 emissions<\/a> and achieve LEED certification standards across all its malls. The Leadership in Energy and Environmental Design<\/a> (LEED) is a global standard awarded to energy-efficient and environmentally-friendly buildings.<\/p>\n

It\u2019s not the first SLL for Majid Al Futtaim:<\/strong> The retail giant raised USD 1.5 bn for its first sustainability-linked loan back in August 2021, according to a company statement<\/a>.<\/p>\n

REMEMBER- <\/strong>Sustainability-linked bonds may not always push ESG standards forward:<\/strong> We\u2019ve mentioned previously<\/a> that a majority of sustainability-linked bonds currently on the market in Europe and the West are tied to weak, irrelevant or already-achieved climate targets, according to Bloomberg<\/a> analysis. If firms fail to meet the targets they set out for themselves, they repay the capital they amassed from investors with financial penalties on top. Companies get cheaper financing and a green reputation while not really holding up their end of the bargain.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE-based retail giant Majid Al Futtaim (MAF) has raised a USD 1.25 bn sustainability-linked loan (SLL), the company said yesterday. This is the company\u2019s second second SLL and will be linked to sustainability performance targets set by the company through a revolving credit facility. Advisors: First Abu Dhabi Bank led the transaction and acted as […]<\/p>\n","protected":false},"author":1,"featured_media":75115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[243],"tags":[530,83,11,233,164,555,223,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-finance","tag-debt","tag-debt-watch","tag-enterpriseclimate","tag-green-construction","tag-green-finance","tag-majid-al-futtaim","tag-sustainability","tag-uae","wpautop","entry"],"acf":{"mongo_id":"a3c15ac0-dffa-4adc-a868-3fcd45bc9013","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/3629.jpg","photo_position":"above","related_issue":[75109],"teaser":"","voice_url":""},"yoast_head":"\nMajid Al Futtaim is going for another sustainable loan - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majid Al Futtaim is going for another sustainable loan\" \/>\n<meta property=\"og:description\" content=\"UAE-based retail giant Majid Al Futtaim (MAF) has raised a USD 1.25 bn sustainability-linked loan (SLL), the company said yesterday. This is the company\u2019s second second SLL and will be linked to sustainability performance targets set by the company through a revolving credit facility. Advisors: First Abu Dhabi Bank led the transaction and acted as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-06T01:54:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Majid Al Futtaim is going for another sustainable loan\",\"datePublished\":\"2022-12-06T01:54:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\"},\"wordCount\":234,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"DEBT WATCH\",\"EnterpriseClimate\",\"green construction\",\"green finance\",\"Majid Al Futtaim\",\"sustainability\",\"UAE\"],\"articleSection\":[\"GREEN FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\",\"name\":\"Majid Al Futtaim is going for another sustainable loan - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-12-06T01:54:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Majid Al Futtaim is going for another sustainable loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Majid Al Futtaim is going for another sustainable loan - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/","og_locale":"en_US","og_type":"article","og_title":"Majid Al Futtaim is going for another sustainable loan","og_description":"UAE-based retail giant Majid Al Futtaim (MAF) has raised a USD 1.25 bn sustainability-linked loan (SLL), the company said yesterday. This is the company\u2019s second second SLL and will be linked to sustainability performance targets set by the company through a revolving credit facility. Advisors: First Abu Dhabi Bank led the transaction and acted as […]","og_url":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/","og_site_name":"Climate","article_published_time":"2022-12-06T01:54:51+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Majid Al Futtaim is going for another sustainable loan","datePublished":"2022-12-06T01:54:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/"},"wordCount":234,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1","keywords":["debt","DEBT WATCH","EnterpriseClimate","green construction","green finance","Majid Al Futtaim","sustainability","UAE"],"articleSection":["GREEN FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/","url":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/","name":"Majid Al Futtaim is going for another sustainable loan - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1","datePublished":"2022-12-06T01:54:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2022\/12\/06\/majid-al-futtaim-is-going-for-another-sustainable-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Majid Al Futtaim is going for another sustainable loan"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3629.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-jxw","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/75114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=75114"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/75114\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/75109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/75115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=75114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=75114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=75114"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=75114"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=75114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}