RBS International has backed pan-European investment firm Triton, helping it to secure its first ESG-linked financing, by establishing a €1.455 billion syndicated facility.
The institutional banking provider was one of five lenders to support the new facility, committing €322.5 million to support the Triton V fund, and also acting as lead arranger, facility agent and sustainability coordinator.
Triton V was established in 2018 and has raised committed capital of €5.2bn, investing across Europe within industrials, business services, and consumer and health sectors.
The latest investment into the fund will be used to “catalyse” the delivery of Triton’s sustainability objectives across all portfolio companies and has helped formalise its ESG programme.
Triton’s other funds will replicate Triton V’s ESG ambitions and targets, which include being aligned with Paris greenhouse gas emissions protocol, as well as the implementation of an ESG programme, bi-annual ESG board reviews, and water and waste management programmes.
Paul Rogan, senior director at RBS International, said: “RBS International has built a strong relationship with Triton and we are pleased to continue supporting them in ensuring responsible investment now and in the future.
“Triton aims to build better businesses and views ESG as a critical element to this goal, a purpose we share. It’s great to see the rapid growth and popularity of ESG-linked sustainable finance facilities.”
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