Balfour Beatty announced it has reached agreement for the conversion of its ?375 million revolving credit facility (RCF) to the large sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024. The agreement further demonstrates the Group's commitment to Sustainability, following the release of its refreshed Sustainability Strategy, Building New Futures, in December 2020. Under the terms of the loan, the Group is incentivised to deliver annual measurable performance improvement in three key areas: carbon emissions, social value generation, and an independent Environmental, Social and Governance (ESG) rating score as determined by Sustainalytics, an ESG research, ratings and data provider for institutional investors and companies.