PARIS - Agricultural commodity group Louis Dreyfus Company has agreed to renew a $750 million loan in North America that will be priced in relation to how the company performs in relation to a number of sustainability goals.
Under the new revolving credit facility, the interest rate will be linked to Dreyfus’s performance on CO2 emissions, electricity consumption, water usage and solid waste sent to landfill. Starbucks and Mercon Coffee Group earlier this month announced sustainability-focused loan facilities, signaling the coffee market’s growing emphasis on sustainability as climate change and low global prices threaten the future of the crop.
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