Etihad taps ESG-linked loan market to raise US$1.2bn

Etihad Airways has raised US$1.2 billion in a sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation. The loan terms are linked to multiple Key Performance Indicators (KPIs) that are tied to specific ESG initiatives that will be independently assessed. For environmental issues, KPIs will be tied to the airline reducing the carbon emissions intensity of the passenger fleet, as measured in terms of CO2 emissions per revenue tonne kilometres. As part of its Greenliner Programme, Etihad Airways has committed to a target of net zero carbon emissions by 2050 and has set key milestone