https://www.engineeringnews.co.za

Mediclinic gets R8.45bn sustainability-linked loan

8th October 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Hospital group Mediclinic has refinanced its existing debt through a new R8.45-billion sustainability-linked banking facility – the first of its kind arranged by a bank in Africa.

Rand Merchant Bank (RMB), a division of FirstRand Bank, acted as the lead arranger for the transaction.

Mediclinic will benefit from a reduced facility margin through an incentive-based pricing mechanism. The targets are directly linked to key group environmental and social (E&S) goals.

By financially incentivising the achievement of these E&S targets, companies in Africa can now align their business goals with sustainability targets.

“This pioneering development allows RMB to deploy its balance sheet in a way that drives environmental, social and governance outcomes within its broader business universe, delivering sustainable investment and growth in Africa, while also making the continent relevant to a broader global investment universe,” stated RMB head of sustainable finance and ESG advisory Nigel Beck.

RMB aligned the funding to Mediclinic’s ambitious sustainability goals of carbon neutrality and zero waste to landfill by 2030.

Mediclinic set sustainability targets related to reductions in Scope 1 and 2 carbon dioxide emissions and waste diverted from landfill and also included a reduction in water consumption and an improvement in patient experience.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.045 1.331s - 122pq - 2rq
Subscribe Now