Wilmar International has secured a US$150 million ($202.15 million) sustainability-linked loan from OCBC Bank.
Under the three-year facility, the interest rate will be reduced on a tiered basis if Wilmar achieves a set of pre-determined targets that cover environmental, social and governance (ESG) metrics.
These include Wilmar’s internal key performance indicators as well as external benchmarking standards, one of which is its continued inclusion in the Dow Jones Sustainability Indices (DJSI) Asia Pacific.
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