Wednesday, June 5, 2019

Chew’s Agriculture - Singapore’s first SME sustainability-linked loan

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