Singapore’s Wilmar gets sustainability-linked two-year loan via DBS

By Susanna Moon

Chicago, Aug. 15 – Wilmar International Ltd. said it will link its $100 million two-year revolving credit facility to a series of environmental, social and governance (ESG) performance metrics.

Interest is based, in part, on Sustainalytics’ ESG rating of the company and will be reduced on a tiered basis if predetermined targets are achieved, according to a company announcement.

Based in Singapore, Wilmar is an agribusiness company with activities in oil palm cultivation; oilseeds crushing; edible oils refining; sugar, specialty fats, oleochemicals and biodiesel manufacturing; and grains processing.

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