Our Sustainability-Linked Schuldschein is a reliable yet innovative instrument for your long-term financing goals. The Schuldschein has become an attractive financing tool, especially for larger corporations and the upper medium-sized companies. The loan can be tailored to the specific requirements of corporate clients and unlike bonds, it generally involves less transaction costs.
The Sustainability-linked Schuldschein goes one step further linking fixed and variable interest rates with the company's overall sustainability performance. Sustainability criteria, provided by your own sustainability initiatives goals or an independent ESG rating agency, are used to assess your company’s sustainability performance. Here, social and corporate responsibility are just as important as environmental factors. If the customer can achieve a better sustainability performance, the interest rate on the loan may be reduced. The Sustainability-Linked Schuldschein, thus, creates incentives for companies to invest not only in green projects but also to adopt a more sustainable business model. This form of corporate financing also allows us to collectively contribute to a more sustainable society.
Transitioning to sustainable business? Dürr AG leads the way!
In June 2019, the machinery and plant manufacturer, Dürr AG became the first company worldwide to place an Sustainability-linked Schuldschein. ING jointly arranged and structured the EUR 200 million transaction together with LBBW. Parts of the Schuldschein were subscribed via a digital Schuldschein marketplace. Dürr AG was advised by ING in the selection of the ESG rating agency. The transaction marks Dürr AG’s successful venture into sustainable financing, demonstrating that sustainability and a profitable business are not mutually exclusive.
