Tata Communications Secures $250M Sustainability Loan to Drive Net Zero Ambition

Tata Communications has secured a $250 million sustainability loan from DBS Bank, ANZ, and Export Development Canada. The five-year tenor loan's interest rate will adjust based on Tata Communications' carbon emission reduction progress, aligning with its goal to be Net Zero by 2035.

Tata Communications has successfully raised a $250 million sustainability loan from DBS Bank, ANZ, and Export Development Canada. The groundbreaking five-year tenor loan, unprecedented in India, links interest rates directly to carbon reduction achievements.

This pioneering transaction ties the cost of banking to the company's success in meeting key environmental milestones, foregrounding Tata Communications' ambition to achieve Net Zero operations globally by 2035. Rajat Verma of DBS Bank India foresees other corporations adopting similar strategies.

Stella Saris Chow of ANZ highlighted that this facility could serve as a template for aligning financing with environmental commitments for companies across Asia. CFO Kabir Ahmed Shakir of Tata Communications emphasized the firm's commitment to sustainability as a core value.

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