Brief: Greenyard Converts Existing Bank Loans Into Sustainability-Linked Ones

Greenyard NV

11/01/2023 12:05

Jan 11 (Reuters) - GREENYARD NV  GREENY.BR :
    * SAID ON WEDNESDAY IT HAD CONVERTED ALL ITS EXISTING BANK
LOANS
UNDER ITS SENIOR FACILITY AGREEMENT INTO SUSTAINABILITY LINKED
LOANS
    * COMMERCIAL TERMS OF THE LOANS WITH GREENYARD'S SYNDICATED
BANKS
WILL NOW BE DIRECTLY LINKED TO THE SUSTAINABILITY PERFORMANCE OF
THE COMPANY
    * SUSTAINABILITY PERFORMANCE OF THE COMPANY IN THREE
SPECIFIC
AMBITION AREAS: CLIMATE CHANGE ACTION, WATER USAGE, AND
RESPONSIBLE SOURCING
    * SEEKS TO REDUCE ITS SCOPE 1 AND 2 EMISSIONS BY MORE THAN
50%
WITHIN THE DURATION OF THE LOAN
    * AIMS AT LOWERING ITS SCOPE 3 EMISSIONS BY ENGAGING WITH
ITS
SUPPLIERS AND GROWERS, SO THEY SET CLIMATE TARGETS THEMSELVES
    * GOAL IS TO GET TO A TOTAL VOLUME OF 70% OF THE PURCHASE
VALUE OF
GOODS AND SERVICES FROM THESE TYPES OF SUPPLIERS
    * AIMS TO REDUCE ABSOLUTE AMOUNT OF FRESH WATER USED BY
GROUP BY
480 000M3, ALMOST 12% OF SAVINGS VS REFERENCE YEAR
    * AIMS TO INCREASE PERCENTAGE OF GOODS SOURCED FROM
CERTIFIED
GROWERS IN HIGH, MEDIUM RISK COUNTRIES TO 93%

        
 Source text: https://bit.ly/3k737cn
 Further company coverage:  GREENY.BR  
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