Home
where some see barriers, we see bridges
  • Investment and Financial Consulting

  • Investment and Financial Consulting

  • Investment and Financial Consulting

  • Investment and Financial Consulting

  • Investment and Financial Consulting

  • Investment and Financial Consulting

  • Investment and Financial Consulting

News > UOB grants $200m sustainability-linked loan to Wilmar

UOB grants $200m sustainability-linked loan to Wilmar

Wednesday 16 September 2020

ESG ratings provider Sustainalytics will measure Wilmar’s performance.

United Overseas Bank (UOB) has extended US$200m sustainability-linked loan to agribusiness group Wilmar International.

UOB and Wilmar has identified a list of indicators in areas including corporate governance, carbon emissions, land use and biodiversity, community relations and supply chain practices.

The interest rate on the loan will be pegged to Wilmar’s achievement of the pre-determined targets that have been set based on the list of performance indicators.

Sustainalytics, an independent provider of environmental, social and governance (ESG) research and ratings, will conduct the assessment of whether Wilmar has achieved those targets on an annual basis.