Bud APAC Closes First Green Financing Loan of USD 500 Mn

Budweiser Brewing Company APAC has signed a total USD 500 million sustainability-linked loan revolving credit facilities (Green Financing Loan) with a bank consortium led by Bank of China, one of the largest of this kind among publicly listed consumer goods companies in Asia Pacific.

July 13, 2021. By News Bureau

Budweiser Brewing Company APAC announced the successful signing of a total USD 500 million sustainability-linked loan revolving credit facilities (Green Financing Loan) with a bank consortium led by Bank of China, one of the largest of this kind among publicly listed consumer goods companies in Asia Pacific.

The Green Financing Loan has a three-year term with a tiered discount on the loan's interest rate if Bud APAC achieves pre-determined ESG targets. These targets incentivize improvement in four key performance areas that contribute to Bud APAC's 2025 Sustainability Goals in climate action, water stewardship, circular packaging and smart agriculture.

"This loan further demonstrates our unwavering commitment to integrating sustainability into all aspects of our business. As a purpose-driven company, we are confident of our ability to capitalize on this opportunity and achieve the performance-based incentive regarding ESG targets. We look forward to making our communities greener and our people healthier as we work towards a sustainable future," said Jan Craps, Bud APAC's Chief Executive Officer and Co-chair of the Board.

In line with its 2025 Sustainability Goals and its Dream-People-Culture principles, Bud APAC has a clear roadmap for social and corporate governance including best practices in D&I initiatives, corporate governance, compliance, and workplace well-being. The roadmap integrates sustainable development and actions for its long-term value creation in Asia Pacific. 
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