China-owned ports report Rs 1b dividend to Sri Lanka Ports Authority | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
World’s biggest coal port loan price linked to social, emissions goals
Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.
The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.
The loan also contains metrics focused on mental health first aid, diversity and inclusion, they said.
The interest rate and potential discounts on it were not disclosed.
2 Min Read
SYDNEY, May 4 (Reuters) - Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.
The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.
The loan also contains metrics focused on mental health first aid, diversity and inclusion, they said.
The interest rate and potential discounts on it were not disclosed.
(Adds background, paragraph 7)
SYDNEY, May 4 (Reuters) - Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.
The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.
The loan also contains metrics focused on mental health first aid, diversity and inclusion, they said.
The interest rate and potential discounts on it were not disclosed.