The State Bank of India, SBI, today announced the launch of a 500 million USD syndicated social term loan facility. This facility is focused exclusively on women’s empowerment with a greenshoe option, on the eve of International Women’s Day.
As per the statement issued by SBI, this syndicated transaction is a milestone for SBI and the global Environmental, Social, and Governance ESG financing landscape for the noble cause of women empowerment. This financing is focused on accelerating social impact and demonstrates SBI’s commitment to reduce the gender gap and contributes meaningfully to United Nations’ Sustainable Development Goal – SDG – 5, ‘Achieve Gender Equality and Empower all Women and Girls’.
SBI Chairman C S Setty stated in the statement that this landmark social loan embodies SBI’s dedication to Environmental, Social, and Governance – ESG principles, with a sharp focus on creating opportunities for women. The bank believes that true progress depends not only on economic growth but also on our ability to drive positive social change, empower women and build an inclusive society for all stakeholders.
