As part of the ESG journey, Bud APAC is integrating ESG into every aspect of our business and our daily operations. We are excited to announce and celebrate another milestone by successfully announcing on July 12th, 2021 our inaugural Sustainability-Linked Loan Revolving Credit Facilities (“Green Financing Loan”), for a total of USD500 million, with a bank consortium led by the Bank of China. Our Green Financing Loan is one of the largest of its kind amongst publicly listed consumer goods companies in the Asia Pacific region.
The Green Financing Loan has a three-year term with a tiered discount on the loan’s interest rate if we achieve pre-determined ESG targets. These targets incentivize improvement in the four key performance areas of our 2025 Sustainability Goals: Climate Action, Water Stewardship, Circular Packaging, and Smart Agriculture. The loan is linked to our targets associated with reducing carbon emissions, increasing water availability and quality within underprivileged communities, and continuing our circular packaging practices to use 100% recycled materials.
From left to right: Climate Action, Water Stewardship, Circular Packaging and Smart Agriculture
Let’s continue to drive real impact by creating a positive business case underpinned by our sustainability initiatives and build a better world together!