ING forms funding panel for sustainability projects in Asia

Singapore

DUTCH lender ING Bank has brought together several banks to form a funding panel for sustainability projects in Asia, it said on Tuesday.

Known as the Sustainable Finance Collective Asia (SFC Asia), this will help applicants to get financing access through a range of capital including debt, equity and mezzanine, guarantees, currency and commercial covers. (Covers are used to reduce risk exposure, typically through hedging.)