Chew’s Agriculture signs 10-year S$27m sustainability-linked loan with DBS

EGG producer Chew’s Agriculture has signed a 10-year, S$27 million sustainability-linked loan with DBS Bank, to construct a new farm with larger cage-free facilities.

The egg producer will also enjoy lower interest rates if it meets Humane Farm Animal Care standards. Said Edvin Lim, director of Chew’s Agriculture:"Through incorporating HFAC standards, we are not only ensuring the well-being of our layer hens, but improving the quality of the eggs that they produce. It is a win-win solution that definitely sets a new benchmark for how we run our business.”

For its sustainability-linked loans, DBS said corporates are evaluated based on an annual sustainability review report typically assessed by an external independent party, tracking the performance of corporates in terms of governance, environmental and social criteria.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carousell aims to cash in on growing desire for sustainability with online classified ads appHONG KONG — When Mr Quek Siu Rui chose to attend business school at the National University of Singapore, he imagined a career as a consultant or banker — not as the leader of a multimillion-dollar start-up that would redefine the region’s classifieds industry.
Source: TODAYonline - 🏆 1. / 99 Read more »