Musim Mas Signs its first Sustainability-Linked Loan with Rabobank and HSBC Bank - PR Newswire APAC
Summary
SINGAPORE, Aug. 29, 2024 /PRNewswire/ -- Musim Mas is proud to announce its inaugural Sustainability-Linked Revolving Credit Facility, marking a significant step in its commitment to sustainable business practices. External verification of Musim Mas annual progress will be conducted by reputable assessors, ensuring transparency and accountability.The selection of these KPIs was carefully driven by various factors, such as materiality and level of ambition of the targets. Partnering with Musim Mas - one of our longstanding clients and a true leader in sustainability in the palm oil industry - in this inaugural deal, reflects the trusted relationship we have with them. "Priya Kini, Head of Commercial Banking, HSBC Singapore, said: "We have a longstanding relationship with Musim Mas, and we are glad to be able to further deepen our support with their first sustainability-linked loan. "Contracting a sustainability-linked loan with ambitious, meaningful, and measurable targets is a testament to Musim Mas deep-rooted commitment to sustainability and responsible corporate behavior.