WATERLOO, ON, July 29, 2022 /CNW/ – Definity Financial Corporation (“Definity”) (TSX: DFY) announced today that it is integrating its environmental, social and governance (“ESG”) commitments into the company’s liquidity framework through the renewal of its credit facility. The loan has been converted to a Sustainability-Linked Loan (SLL) structure that links its borrowing costs directly to the company’s performance on the following sustainability objectives:
- reducing Scope 1 and Scope 2 operational greenhouse gas emissions
- increasing the percentage of women in leadership positions
Incorporating sustainability performance targets into its credit facility follows the release of Definity’s inaugural ESG Report in May 2022 and demonstrates its ongoing commitment to these important strategic objectives.
“We continually look for opportunities to align our financial objectives with…