A team led by Reem Al Sayegh, (Counsel, Linklaters) advised Emirates NBD Bank (P.J.S.C.) (“ENBD”) as borrower on the region’s first sustainability linked syndicated loan. Bank of America DAC and Emirates NBD Capital Limited were appointed as the Sustainability Coordinators and ING Bank NV and HSBC Bank Middle East Limited were appointed as the Sustainability Advisors.

Representing its commitment to environmental, social and governance goals that can be measured by key performance indicators, ENBD has linked sustainability metrics including gender diversity in senior management roles and water conservation to the pricing of its loan.

This is a significant milestone for ENBD and our UAE team, following a substantial increase in sustainable financing globally with clients focusing on environmental, social, and governance commitments. Linklaters are historically highly ranked for work in Energy, Environment, Governance/risk advisory, Human Rights and Climate sectors, and our role on this landmark transaction further highlights our cross-practice, global ESG strengths.