KUALA LUMPUR: United Overseas Bank Bhd has extended a green trade finance facility under the UOB Green and Sustainable Trade Finance Framework toIn a statement, the bank said the facility would help the company promote sustainable palm oil and strengthen global sustainable palm oil supply chain.
“This collaborative approach helps to drive greater market adoption for green financing and encourages more businesses to grow responsibly,” she said. The green trade financing facility extended to IOI will be channelled towards the sourcing of certified palm oil to support its downstream resource-based manufacturing business as well as its business partners’ activities.
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