Wilmar secures second US$100 mil sustainability-linked loan from Bank of East Asia

Bryan Wu03-19

Wilmar has maintained its inclusion in the DJSI World Index for three consecutive years since November 2021.The Bank of East Asia (BEA) and Wilmar International F34 have entered into an agreement for ...

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First published in 1999, the DJSI World Index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term ESG criteria.\nWilmar has maintained its inclusion in the DJSI World Index for three consecutive years since November 2021 — an achievement the company says reflects its position as a sustainability leader in the agribusiness sector.\nOh Ah Guat, BEA Singapore branch’s general manager, says: “We are pleased to be supporting Wilmar again with this sustainability-linked loan. This transaction underscores BEA’s broader commitment to support our key clients in navigating the sustainability journey and creating a positive impact to our society. We are proud to collaborate with Wilmar, whose sustainable business practices are broadly recognised.”\nCharles Loo, Wilmar’s deputy chief operating officer and chief financial officer, says: “Our partnership with BEA reinforces our commitment to growing our business in a sustainable and responsible manner. Funds from this SLL facility will incentivise improvement in our ESG performance while expanding our financial resources. \n“As a frontrunner of sustainability in the agribusiness sector, we strongly believe in mobilising capital in a way that leaves a positive and lasting impact in the communities where we operate, charting the course to a more sustainable future for all,” adds Loo.\nShares in Wilmar closed unchanged at $3.41 on March 19.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420733029"}