News

Revolving credit facility to help meet UN Sustainable Development Goals

RBS International supports Nordic Capital with €200m contribution to ESG-linked syndicated facility

The revolving credit facility will help to boost Nordic Capital’s sustainability target KPIs in line with UN Sustainable Development Goals and will have a direct impact to the organisation and its portfolio of companies.

This Environmental, Social and Governance (ESG)-linked facility provided by RBS International will support Nordic Capital in strengthening its ability to make a positive contribution to society through its investments.

Alongside the selective syndicate participating in the Facility, RBS International is deploying a penalty and reward mechanism for the facility to ensure UN Principles for Responsible Investment (UN PRI) are upheld, increasing or decreasing the cost of the facility in line with goals, such as reducing its carbon footprint, improving gender equality at board level and demonstrating strong corporate governance. The ESG KPIs were introduced in Q2 2021.

Paul Tandy, Senior Director of Institutional Banking Jersey, RBS International said: “RBS International has built a strong relationship with Nordic Capital and is pleased to continue supporting the Fund Manager in its commitment to improve its ESG credentials in key areas such as climate, diversity, ethics and compliance ensuring responsible investment now and in the future. Scandinavia has long been a pioneer of green bonds and assets, and it’s great to see the rapid growth and popularity of ESG-linked investment facilities.”

For more information contact

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Paul Tandy

Senior Director, Institutional Banking for Jersey

About RBS International Institutional Banking

We specialise in helping institutional clients look after their money and manage risk. This includes transactional banking, fund financing, depositary services, and liquidity and risk management. We’re based in Jersey, Guernsey, London, Luxembourg, Gibraltar and the Isle of Man so our clients get personal, tailored support from a local expert. And our multi-currency online banking platform, eQ, lets them move and manage money the same way they do their personal banking.

Our clients include alternative investment fund managers, asset managers, fund administrators and corporate service providers. With our culture of restless innovation, we work to make banking easy. We’re focused on delivering all the services our clients need, where and when they need them.

About RBS International Depositary Services

RBS International Depositary Services provides independent trustee and depositary services for clients in the UK and Luxemburg, under both the UCITS and AIFMD regimes. Established over 80 years ago, with £360billion in Assets under trusteeship and working with more management companies and schemes than any other UK trustee, the business has unparalleled experience of all aspects of trusteeship.