Years ago, the terms "sustainable finance" and "green lending" were more often used in discussions relating to our progressive distant future. Mounting pressure across various sectors to promote sustainable recovery from the COVID-19 pandemic, reduce carbon footprint and slow down climate change have converted these discussions into our reality. These pressures, coupled with the financial incentives offered by some sustainability-linked financial products, have made them increasingly attractive, which is likely to continue in the new high-interest-rate world.
In this blog, published by Property Week on 29 November 2022, Sarah Spurling and Roya Zohrabi in Mishcon de Reya's Debt Finance Group look at changing attitudes to sustainability-linked loans across the UK real estate market, and their observations in relation to market terms and requirements.
Read the full blog here.