6 December 2022: The European Leveraged Finance Association (ELFA) has today launched video tutorials on environmental, social and governance (ESG) factors for sub-investment grade corporate borrowers. The ESG Video Glossary series provides guidance on various ESG topics that are a focus for investors in the leverage finance market.
ELFA has produced several resources to improve disclosure of ESG factors for all market participants including: ESG Fact Sheet Series [Link] which outlines the policies, processes, controls and associated metrics for each ESG pillar that could be relevant to an investment decision; and the Guide for Company Advisors to ESG Disclosure in Leveraged Finance Transactions [Link] designed to be used in conjunction with ELFA’s ESG Fact Sheet Series to support company advisors in their integration of ESG data and information into offering materials and ongoing company reporting.
The ESG Video Glossary outlines the drivers of investor requirements on ESG and summarises ESG regulations and trends in the leveraged finance sector. Each video focuses on a topic that can support borrowers on their ESG disclosure journey.
The ESG Video Glossaries can be viewed here.
Sabrina Fox, Chief Executive Officer, European Leveraged Finance Association, commented: “ELFA’s ESG Disclosure Initiative has been designed to meet the needs of a range of market participants in the European leveraged finance market, including lenders, borrowers and their advisers. The ESG Video Glossary series is designed for borrowers at the start of their ESG journey who are looking for a simple, straightforward explanation of the drivers, terminology, regulation and other important aspects of ESG. We plan to add to the ESG Video Glossary in response to feedback gained from borrowers and other market participants both as part of our ESG Disclosure Initiative.”
ELFA will host additional events for sub-investment grade corporate borrowers and credit analysts to incorporate additional sectors not currently covered by the existing ESG Fact Sheets. Corporate borrowers and credit analysts are invited to propose sectors for inclusion by contacting ELFA directly: elfa@elfainvestors.com.
ELFA is delighted to announce the appointment of two new Co-Chairs for its ESG committee. Lily Baik, Research Analyst in the European High Yield Team at J.P. Morgan Asset Management and Oliver Newman, Senior Credit Analyst at Fidelity International will commence their new roles immediately. They join Tina De Baere, Head of ESG at Polus Capital who is currently Co-Chair.
The European Leveraged Finance Association (ELFA) Engagement Committee has today released a guide to best practice on bank-led syndication processes from the perspective of ELFA members. The aim of the Best Practice Guide is to provide support to borrowers in the leveraged finance asset class at a challenging time, namely: volatile market conditions, condensed timelines and a deteriorating macroeconomic outlook.
The European Leveraged Finance Association (ELFA) has published an insights report based on the findings of its SFDR Workshops held in September.
Already a member? 