Cofco completes new sustainability-linked loan deal


Cofco International, China’s agriculture supply chain company, recently signed an agreement for a USD 1.6 billion multi-tranche sustainability-linked revolving credit facility with 19 banks from China, Australia, Europe, Japan, Singapore, and the US. The lenders agreed to provide lower interest rates for Cofco to achieve sustainability targets covering the traceability and socio-environmental screening of its Brazil soybean supplies and Sustainalytics’ ESG Management Score. All margin savings will fund the company’s sustainability, traceability, or social and environmental improvement projects.

Managing Editor and Editor, Asian Poultry Magazine, Jakarta, Indonesia. Arief discovered interesting trends in the regional poultry industry during VIV Asia 2023 and shared them in ‘4 factors driving growth of poultry production in Asia’.