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News SCG Packaging takes out US$148m sustainability-linked loan

SCG Packaging takes out US$148m sustainability-linked loan

Written by Global Cement staff 29 September 2021
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Thailand: SCG Packaging has taken a US$148m four-year loan from Bank Ayudhya. The loan is subject to environmental, social and governance (ESG) criteria and key performance indicators. The loan’s interest rate is tied to the company's sustainability performance targets, namely reducing greenhouse gas emissions, managing water resources and increasing the sales portion of its Green Choice label products and services. Bank Ayudhy will serve as sustainability coordinator, with the ability to adjust it down annually if sustainability goals are met.

Published in Global Cement News
Tagged under
  • Thailand
  • SCG Packaging
  • Siam Cement
  • Loan
  • Sustainability
  • Bank Ayudhya
  • GCW525
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