ISDA launches sustainability-linked derivatives clause library

Article summary

The International Swaps and Derivatives Association (ISDA) has launched a clause library for sustainability-linked derivatives (SLDs). The library is designed to eliminate unnecessary differences and increase standardisation to this market, resulting in a more efficient negotiation process and reduce risks. Market participants will be able to use standardised drafting options provided in the library during SLD transactions' negotiations with counterparties. The ISDA SLD clause library is available via the ISDA MyLibrary platform which allows users to navigate the various provisions in a digital format with search functionality and comparability tools.