Quest Global & ING Win Sustainable Finance Award 2025
Quest Global and ING have secured the Asset Triple A Award for Lasting Finance 2025, a prestigious recognition in South Asia. This award celebrates their pioneering “Best Sustainability-Linked Loan” in the engineering services sector. The innovative loan structure incentivizes Quest Global to enhance its EcoVadis assessment scores, a notable step towards integrating sustainability into their financial strategy. This groundbreaking approach, not common in outsourced engineering, underscores their commitment to environmental and social contributions as defined by the UN Sustainable Advancement Goals. News Directory 3 reports on this commendable partnership. This win highlights ING’s expertise in sustainable financing solutions, setting a benchmark for impactful financing. Discover what’s next as these leaders continue reshaping the future of sustainable finance.
Quest global Wins Award for Sustainable Finance, Engineering Services
Quest Global, a global engineering services firm, has been awarded The Asset Triple A Award for Sustainable Finance 2025 in South Asia. The award, given in partnership with ING, recognizes Quest Global’s “Best Sustainability-Linked Loan” in the engineering services category.
The award highlights Quest Global’s integration of sustainability into its financial strategy. The company is the frist engineering services firm to achieve this recognition.
The sustainability-linked loan (SLL) includes a discount and penalty system. This system encourages Quest Global to meet its sustainability goals by improving its EcoVadis assessment scores. This innovative approach is not common in the outsourced engineering services sector.
“We are deeply honoured to receive this distinguished award from The Asset,” said 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 woudl like to extend our gratitude to ING for their expertise in structuring this deal and identifying a sustainability-linked loan chance with our banking partners.”
Michelle Kong, head of sector coverage for ING Asia Pacific, said, “We’re proud to showcase ING’s structuring expertise through innovative solutions like this sustainability-linked loan. It underscores our commitment to supporting 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.”
The Asset Triple A awards for Sustainable Finance recognize organizations in Asia that promote sustainable finance. The “Best Deals for Sustainable Finance” category recognizes transactions that support environmental and social contributions,as defined by the UN Sustainable Advancement Goals.
What’s next
Quest Global and ING aim to continue leading in sustainable finance and promoting positive change in the engineering services industry.