Bangalore, 11th June 2025 – Quest Global, a leading global engineering services firm, today announced that it has been recognized with The Asset Triple A Award for Sustainable Finance 2025 in South Asia, in partnership with ING, in the category of “Best Sustainability-Linked Loan – Engineering Services.” This achievement is particularly noteworthy as Quest Global is the first engineering services company to have achieved this milestone. This prestigious award celebrates the innovative integration of sustainability into Quest Global’s financial strategy. 6e434
The award acknowledges Quest Global’s and ING’s pioneering approach to embedding sustainability within the company’s financing framework, a practice that remains relatively uncommon in the outsourced engineering services sector. The developed sustainability-linked loan (SLL) features a balanced discount and penalty mechanism, strategically designed to incentivize Quest Global to achieve significant advancements in its sustainability objectives through enhanced EcoVadis assessment scores.
“We are deeply honoured to receive this distinguished award from The Asset,” stated Rajendra Shreemal, Chief Financial Officer, Quest Global. “This recognition underscores our unwavering commitment to sustainability in our business and financial strategy. Our collaboration with ING has been pivotal in crafting a sustainable financing solution. We would like to extend our gratitude to ING for their expertise in structuring this deal and identifying a sustainability-linked loan opportunity with our banking partners.”
“We’re proud to showcase ING’s structuring expertise through innovative solutions like this sustainability-linked loan. It underscores our commitment to ing clients across sectors, including engineering services, in embedding sustainability into their core strategies. We’re honoured that this collaboration is being recognised as a benchmark for impactful financing in the region,” said Michelle Kong, Head of Sector Coverage for ING Asia Pacific.
The Asset Triple A Awards for Sustainable Finance recognize organizations across Asia that actively contribute to and exemplify the burgeoning landscape of sustainable finance. The “Best Deals for Sustainable Finance” category, nominated by participating banks, recognizes transactions that champion sustainable finance across diverse financial instruments, with a focus on their environmental and social contributions as defined by the 17 UN Sustainable Development Goals.
With this prestigious award, Quest Global and ING reaffirm their commitment to leading the way in sustainable finance and driving positive change within the engineering services industry.
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