Birla Carbon executes $750 million Sustainability Linked Loan
Birla Carbon has announced the closing of a US$750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 institutions on December 17, 2021. The loan funds would be utilized to refinance Birla Carbon's current debts. The ANZ Group is the deal's only sustainability coordinator. The statement is especially significant because Birla Carbon previously announced the introduction of the Continua brand of Sustainable Carbonaceous Materials (SCM) in 2021, as well as its goal of achieving net zero carbon emissions by 2050. Since 2013, Birla Carbon has published an annual Sustainability Report including Key Performance Indicators (KPI).