DBS today announced that Chew’s Agriculture, a leading egg producer in Singapore, has signed a 10-year, SGD 27 million sustainability-linked loan with the bank. This marks a milestone for sustainable development in Singapore – it is the nation’s first sustainability-linked loan for an SME.
The loan was evaluated based on a series of environmental, social and governance (ESG) performance metrics. Chew’s will use the loan for the construction of a new farm with larger cage-free facilities so that hens[1] which lay eggs on the farm will continue to be housed in the most optimum conditions, such as larger litter areas and elevated perches.
Complete story : https://www.dbs.com/newsroom/Chews_Agriculture_signs_Singapores_first_SME_sustainability_linked_loan_with_DBS
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