“As an international trade bank focused on helping our clients transition to net zero and grow sustainably across their footprint, we are proud to be playing a key role in accelerating Wilmar’s sustainability progress. The agricultural industry is integral to our shared vision of a low-carbon future and Standard Chartered looks forward to supporting more businesses on their pathway to sustainable growth,” says Freddy Ong, head, client coverage, Singapore, corporate, commercial and institutional banking at Standard Chartered.
Standard Chartered and Wilmar International, on Jan 16, announced that both parties have closed a US$200 million ($263.7 million) sustainability-linked trade finance facility.
The margin ratchet on this facility will move according to Wilmar’s annual performance against predefined internal key performance indicators and external benchmarking standards.
