Majid Al Futtaim’s Sustainability-Linked Loan (SLL)
Company: Majid Al Futtaim
Country: Across the Middle East
In August 2021, MAF secured $1.5 billion in green financing via a five-year Sustainability-Linked Loan (SLL) to help it achieve its aim of becoming net positive in carbon and water across the company by 2040. This means it will produce more energy and water than it consumes. In 2020, its operational carbon emissions decreased by 9.2%, and water consumption by 17.5% compared to 2019. The SLL will finance the company’s operational and capital expenditures on ESG-related performance.