Indorama secures loans linked to sustainability performance

29/04/2019
Fibre manufacturer Indorama has become the first company in Thailand to secure so-called green loans from Japanese bank Mizuho.

The bank has agreed to give the company two loans worth around $100 million each. The terms of the loans are linked to Indorama’s environmental, social and governance rating. In other words, the better the company performs in those areas, the more favourable the repayment terms will be.

Chief finance officer, Sanjay Ahuja, said the development was “a great honour” for Indorama.