Latest news with #DilipKadambi
The Star
29-04-2025
- Business
- The Star
IHH secures RM996mil UOB loan
SINGAPORE: IHH Healthcare Bhd has secured its first sustainability-linked loan worth S$300mil (RM996mil) from UOB, strengthening the group's ongoing commitment to integrating and upholding sustainable practices across its operations. In a joint statement, both parties said the facility also marked the bank's first sustainability-linked loan for the healthcare sector. The loan is structured under UOB's sustainability-linked financing framework, which provides clients with pre-approved and externally validated key performance indicators and sustainability performance targets. IHH group chief financial officer Dilip Kadambi said it sees sustainability as a chance to create a lasting impact. 'As a multinational healthcare player touching millions of lives each year, we are proud to advance sustainable financing through this loan,' he said. — Bernama
Business Times
29-04-2025
- Business
- Business Times
IHH Healthcare signs S$300 million sustainability-linked loan with UOB
[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. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 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.
