Quest Global, a prominent global engineering services provider, has been awarded The Asset Triple A Award for Sustainable Finance 2025 in South Asia, alongside ING, in the category of “Best Sustainability-Linked Loan – Engineering Services.” This achievement is significant, as Quest Global is the first engineering services firm to win this honor. The award highlights the company’s innovative integration of sustainability into its financial framework.
The recognition acknowledges Quest Global and ING’s groundbreaking approach to incorporating sustainability into their financing model, which is still rare in the outsourced engineering services sector. The sustainability-linked loan (SLL) created by the partnership features both incentives and penalties, encouraging Quest Global to make substantial progress toward its sustainability goals, particularly in enhancing EcoVadis assessment scores.
“We are incredibly honored to receive this prestigious award from The Asset,” said Rajendra Shreemal, Chief Financial Officer of Quest Global. “This recognition reinforces our steadfast commitment to sustainability in both our business practices and financial strategy. Our partnership with ING has been essential in developing this sustainable financing solution. We are grateful to ING for their expertise in structuring this deal and identifying this opportunity with our banking partners.”
Michelle Kong, Head of Sector Coverage for ING Asia Pacific, added, “We’re proud to demonstrate ING’s structuring capabilities through solutions like this sustainability-linked loan. It reflects our dedication to helping clients across all sectors, including engineering services, embed sustainability at the core of their strategies. We are thrilled that this collaboration is being recognized as a model for impactful finance in the region.”
The Asset Triple A Sustainable Finance Awards honor organizations in Asia that are making significant contributions to the growing field of sustainable finance. The “Best Deals for Sustainable Finance” category, nominated by participating banks, recognizes financial transactions that contribute positively to environmental and social goals, in line with the 17 UN Sustainable Development Goals. With this recognition, Quest Global and ING reaffirm their commitment to leading sustainable finance efforts and driving meaningful change within the engineering services industry.
ING is a global financial institution headquartered in Europe, offering a wide range of banking services through ING Bank. The bank’s purpose is to empower individuals and businesses to stay ahead in life and work. ING operates in over 100 countries, with more than 60,000 employees providing retail and wholesale banking services worldwide.
ING is deeply committed to sustainability, and its actions are regularly assessed by independent ratings and research providers. As of August 2024, MSCI rated ING’s ESG performance as “AA” for the fifth consecutive year. Sustainalytics also recognized ING’s management of ESG risks as “Strong” in 2023.
In Asia Pacific, ING provides wholesale banking services across 11 countries, including Australia, China, India, Japan, Singapore, and Vietnam. The bank also holds significant stakes in key institutions such as Bank of Beijing and TMBThanachart Bank in Thailand.
At Quest Global, our difference lies not just in what we do, but in how and why we do it. For over 25 years, we’ve been solving the world’s most complex engineering challenges across various industries, including Aerospace & Defense, Automotive, Energy, Healthcare, Rail, and Semiconductor. Operating in more than 18 countries with 85 global delivery centers, our team of 21,000+ experts leverages technology and industry knowledge to tackle critical issues more effectively and efficiently. We are your trusted partner for end-to-end engineering solutions, committed to creating a brighter future through innovation and collaboration.
