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Standard Life Aberdeen's corporate revolving credit facility now linked to sustainability objectives

15 Mar 2021

We’re proud to be one of the first financial services companies to have introduced sustainability features into our corporate credit facility. This underlines our ongoing commitment to responsible investment, diversity and inclusion, and tackling climate change.

The price that we pay for the facility will be dependent on our performance against these three Key Performance Indicators (KPIs):

  • Scope 1 and 2 greenhouse gas emissions per FTE
  • Percentage of women in senior management roles
  • UN Principles for Responsible Investment (PRI) annual assessment rating. 
 
Stephanie Bruce, Chief Financial Officer says:
 
‘We undertake refinancing of this facility in the normal course of business so we welcome the opportunity to link it to achieving our sustainability aims. These three targets represent core areas of focus for us; - we take action to reduce our environmental impact, to improve gender representation at senior levels and to continue building on our responsible investment approach. This is a further mechanism which holds us to account to achieve these aims and further embeds these priorities in our business’.