[SINGAPORE] Integrated healthcare operator IHH Healthcare has signed its first S$300 million sustainability-linked loan with UOB, strengthening its ongoing commitment to add and uphold sustainable practices across its operations.
“As a multinational healthcare player touching millions of lives each year, we are proud to advance sustainable financing through this loan,” said Dilip Kadambi, IHH’s group chief financial officer.
“We see sustainability as an opportunity to create lasting impact.”
For UOB, this marks its first sustainability-linked loan for the healthcare sector.
As at Dec 31, 2024, UOB has provided S$16.6 billion in sustainability-linked loans for clients across sectors including real estate, construction and infrastructure, and industrials.
IHH’s loan is structured under the bank’s Sustainability-Linked Financing Framework, which provides clients with pre-approved and externally validated key performance indicators and sustainability performance targets.
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Ang Moh Chuan, UOB’s managing director of group corporate banking, said: “This partnership with IHH Healthcare exemplifies how sustainable finance can drive meaningful change.
“UOB is committed to working with businesses across the region to accelerate their transition towards a low-carbon economy,” he added.
IHH has a network of more than 140 healthcare facilities, including over 80 hospitals in 10 countries.
It has set goals to cap its carbon growth this year, and improve water and waste management. Ultimately, it hopes to achieve net-zero emissions by 2050.
The healthcare provider also joined the FTSE4Good Index in December last year, which measures the performance of companies on their environmental, social and governance practices.
