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CBA writes 'sustainable' loan for agri business


Mortgage Business
CBA writes sustainable loan for agri business
By Malavika Santhebennur
26 July 2021
The major bank has agreed to provide a sustainability-linked loan to a Queensland beef producer in a “first” for the agriculture industry.
Stockyard Group has entered into a three-year sustainability-linked loan (SLL) with the Commonwealth Bank of Australia (CBA) for an undisclosed amount.
Under the new funding agreement between CBA and the beef producer, the loan has stipulated clear parameters that would see Stockyard aim towards sustainable outcomes in emissions reduction, animal welfare and people wellbeing that would stretch beyond its existing baseline performance.
The deal ties the facility pricing to five metrics grouped into three sustainability performance targets, including: ....

Darling Downs , Malavika Santhebennur , Lachie Hart , Stockyard Group , Commonwealth Bank , Adviser New Broker Academy , Mike Vacy Lyle , New Broker Academy , Money Management , அன்பே தாழ்வுகள் , மாலவிகா சந்தெபெண்னுர் , காமன்வெல்த் வங்கி , மைக் வாசி லைல் , பணம் மேலாண்மை ,