Motus Holdings Limited, a South African automotive company, has added a Sustainability Linked Loan (formerly known as a Positive Incentive Loan) feature to its existing $30 million loan with BNP Paribas to complement its strengthening commitment to environmental awareness and sustainability.

The Sustainability Linked Loan (SLL) mechanism – in which the cost of credit is linked to a reduction in Motus’ water and fuel consumption – will help the company to further its environmental commitments towards the low carbon energy transition.

The unique SLL structure links preferential interest rates with sustainability targets in an effort to support and incentivise Motus in driving its sustainability strategy whilst also meeting its financing needs. This alignment ultimately reflects the vision of placing sustainability at the core of its business strategy.