Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/268891 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
CFS Working Paper Series No. 688
Verlag: 
Goethe University Frankfurt, Center for Financial Studies (CFS), Frankfurt a. M.
Zusammenfassung: 
The issuance of sustainability-linked loans (SLLs) has grown exponentially in recent years. Using a scoring methodology, we examine the underlying key performance indicators of a large sample of SLLs and analyze whether their design creates effective incentives for improving corporate sustainability performance. We demonstrate that the majority of loans fails to meet key requirements that would make them credible instruments for generating effective sustainability incentives. These findings call into question the actual sustainability impact that may be achieved through the issuance of ESG-linked debt.
Schlagwörter: 
Sustainability-Linked Loans
sustainability KPIs
ESG lending
ESG loans
sustainable finance
JEL: 
G21
G32
M14
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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