Aviation Tech Provider SITA Raises $400 Million In ‘Green Financing’

SITA, a global technology provider for the aviation industry, has raised $400 million in so-called green financing. As Skift described in its 2022 Megatrends report, green financing is an emerging trend where investments are made in companies that support or provide planet-friendly practices or products. Four new banks have now signed up to support SITA with a sustainability-linked revolving credit facility, which has a minimum three-year term, the company said on Thursday. The new funds will be directly linked to pre-agreed environmental key performance indicators and yearly targets