Neuberger Berman First North American Financial Services Firm to Link Corporate Financing to Material ESG Metrics
February 07, 2020
February 07, 2020
NEW YORK, Feb. 7 -- Neuberger Bergman issued the following news release:
Neuberger Berman, a private, independent, employee-owned investment manager, announced the closing of a sustainability-linked corporate revolving credit facility. The firm's cost of debt will be higher or lower depending on its performance against key ESG metrics. Reflecting the firm's long-standing belief that material environmental, social and governance factors are an important driver of long-term investment . . .
Neuberger Berman, a private, independent, employee-owned investment manager, announced the closing of a sustainability-linked corporate revolving credit facility. The firm's cost of debt will be higher or lower depending on its performance against key ESG metrics. Reflecting the firm's long-standing belief that material environmental, social and governance factors are an important driver of long-term investment . . .