Bengaluru: Quest Global, a global leader in engineering services, in collaboration with ING, has been awarded the Asset Triple A Award for Sustainable Finance 2025 – South Asia in the category of Best Sustainability-Linked Loan – Engineering Services.
This achievement marks a historic milestone, as Quest Global becomes the first engineering services firm to receive this prestigious recognition.
The award celebrates the innovative development of a sustainability-linked loan (SLL) structure designed to align Quest Global’s financing with its long-term sustainability goals.
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The loan includes a unique performance-based incentive mechanism tied to improvements in EcoVadis sustainability assessment scores, with built-in reward and penalty clauses to ensure tangible outcomes.
“We are honored to receive this prestigious recognition from The Asset,” said Rajendra Shreemal, Chief Financial Officer at Quest Global.
“This award validates our commitment to embedding sustainability into our core financial strategies. Our partnership with ING has been instrumental in identifying and structuring this sustainability-linked loan, setting a new benchmark in our industry.”
The initiative, jointly developed with ING’s Sustainable Finance team, is a pioneering step in the outsourced engineering services sector, where sustainability-linked financing is still emerging. It reflects a broader shift toward ESG-aligned growth and responsible corporate governance.
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“At ING, we’re committed to empowering clients to integrate sustainability at the heart of their operations,” said Michelle Kong, Head of Sector Coverage, ING Asia Pacific.
“This award-winning collaboration with Quest Global showcases how customized financial solutions can drive meaningful change even in traditionally less-adoptive sectors.”
Quest Global and ING Reinforce Leadership
The Asset Triple A Awards for Sustainable Finance honor companies and financial institutions across Asia that demonstrate leadership and innovation in sustainable finance.
The ‘Best Deals’ segment of the awards highlights outstanding financial structures supporting the UN’s 17 Sustainable Development Goals (SDGs).
By receiving this recognition, Quest Global and ING reinforce their leadership in advancing the principles of sustainable finance, setting a precedent for the engineering services industry and beyond.
