Gunvor goes green with new loan

RWE trading
By Mike Turner
23 Oct 2018

Switzerland’s Gunvor has signed a $745m green loan, with the commodities trading company saying it is the first of its kind for the sector.

The loan will cost the company a lower margin if it manages to hit annual targets related to the environment, governance and transparency. The facility will become more expensive for Gunvor if the company “severely underperforms” on its targets, the borrower said.

The facility is due to be a ...

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