Wilmar International bags US$200m sustainability-linked trade finance facility

It sealed the deal with Standard Chartered.

Wilmar International and Standard Chartered closed a US$200m sustainability-linked trade finance facility.

According to the bank, the margin ratchet on this facility will “move according to the Singapore-listed agribusiness company’s annual performance against predefined internal key performance indicators and external benchmarking standards.”

Wilmar Chief Financial Officer (CFO), Charles Loo, said the trade finance facility will help the company to advance its sustainability ambition. 

Since 2017,  Wilmar has actively leveraged sustainable financing solutions.

In late 2022, Wilmar committed to the Science Based Targets initiative (SBTi) and has expressed its climate ambitions towards a 1.5-degree Celsius pathway. 

In the same year, the company ranked third among Food Products companies on the DJSI World Index, took first place in the Global Child Forum’s benchmark for children’s rights, and topped the Sustainable Palm Oil Transparency Toolkit (SPOTT) Assessment.