Green loan
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1. Green Loan Principles (GLP).
For the purposes of the GLP issued by the Loan Market Association, a green loan is one which:
- Is used exlusively for a qualifying Green Project, for example renewable energy or pollution prevention and control; and
- Aligns with the GLP's principles for:
- - The issuer's process for project evaluation and selection;
- - Management of proceeds; and
- - Reporting.
2.
Other loans for the purposes of environmentally sustainable economic activity, not necessarily compliant with the GLP.
See also
- Green
- Green bond
- Green finance
- Green Loan Principles (GLP)
- Green project
- Loan Market Association (LMA)
- Sustainability
- Sustainability-Linked Loan Principles (SLLP)