- Seatrium Financial Services, a subsidiary of Seatrium Limited, has secured a US$400 million Sustainability-Linked Revolving Credit Facility from UOB.
- The facility aligns with Seatrium’s Sustainable Finance Framework and aims to enhance liquidity while driving progress toward ESG and decarbonisation goals.
- Since 2023, Seatrium has raised over S$3 billion in green and sustainability-linked financing, supporting its Sustainability Vision 2030 in the offshore, marine, and energy sectors.
Seatrium Limited announced that its wholly-owned subsidiary, Seatrium Financial Services Pte. Ltd. (SFS), has secured a US$400 million Sustainability-Linked Revolving Credit Facility with United Overseas Bank (UOB). This facility, structured around sustainability-linked principles, is part of Seatrium’s Sustainable Finance Framework. It will not only boost the Group’s liquidity and financial agility but also reinforce its commitment to achieving long-term Environmental, Social, and Governance (ESG) targets.
Strategic Alignment with Climate Goals
According to Dr. Stephen Lu, Chief Financial Officer of Seatrium, the collaboration with UOB reflects a deeper integration of sustainability into the company’s capital strategy. By tying financing to defined sustainability metrics, Seatrium is embedding climate-responsible practices into its operations and enhancing accountability. The facility will actively support Seatrium’s decarbonisation ambitions and long-term value creation.
Banking Support for the Green Transition
Ms. Cindy Kong, Managing Director of Group Corporate Banking at UOB, noted that sustainability-linked finance is a key enabler of the energy transition. She expressed pride in supporting Seatrium’s forward-looking sustainability initiatives, highlighting the joint commitment to innovation and responsible growth in the global renewable energy space.
Progress Toward Sustainability Vision 2030
Since 2023, Seatrium has secured over S$3 billion in sustainability-linked and green loans. The Group is positioning itself as a global leader in sustainable engineering solutions for the offshore, marine, and energy sectors. Through its Sustainability Vision 2030, Seatrium aims to help clients reduce carbon emissions by delivering energy-efficient and environmentally friendly vessels and offshore platforms.
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Source: Seatrium
