Published on 9th December 2021
ESG-linked facility supports significant move into sustainable investments
Leading Institutional Banking provider, RBS International, has supported pan-European investment firm, Triton, to secure their first ESG-linked financing, establishing a €1.455bn syndicated facility.
Acting as the lead arranger, facility agent and sustainability coordinator, RBS International committed €322.5m to the facility alongside four other lenders to support Triton’s fund, Triton V.
Established in 2018 Triton V raised committed capital of €5.2bn, investing across Europe within industrials, business services, and consumer and health sectors. The latest investment into the fund is expected to catalyse the delivery of Triton’s sustainability objectives across all portfolio companies and has helped formalise its ESG programme.
The facility structure established is creating a precedent for other Triton funds which are set to replicate Triton V’s ambitions and ESG actions and targets to:
- Align with Paris greenhouse gas emissions protocol
- Implement an ESG programme
- Implement bi-annual ESG board reviews
- Implement water and waste management programmes
Paul Rogan, Senior Director, RBS International said “RBS International has built a strong relationship with Triton and we are pleased to continue supporting them in ensuring responsible investment now and in the future. Triton aims to build better businesses and views ESG as a critical element to this goal, a purpose we share. It’s great to see the rapid growth and popularity of ESG-linked sustainable finance facilities.”
Peder Prahl, CEO & Managing Partner at Triton said: “We are excited to be working with RBS International in growing our ESG credentials with the facility marking an important milestone in our sustainability journey. Their extensive experience in sustainable financing has been incredibly valuable with the team supporting our ambition to improve ESG practices at portfolio companies as part of their long term growth.”
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.