Full marks to Gold Fields for linking its finance costs to its environmental, social and governance performance. The company has refinanced its $1.2bn revolving credit facility with a syndicate of 16 international banks, and for the first time, the new facility is linked to the achievement of Gold Fields’ ESG priorities: gender diversity, water stewardship and decarbonisation.
This means that Gold Fields will enjoy lower interest rates on its loans if it meets or exceeds its 2030 ESG targets. Conversely, it will pay a premium on its margin if it fails to meet these targets. It’s a pity Gold Fields did not disclose how much it will pay in penalties if it falls short of ESG performance targets. ..
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: