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Louis Dreyfus Tries Sustainable Finance With $750 Mln Loan

From: cnbc.com

PARIS, May 28 (Reuters) – 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.

Known as Dreyfus, the company is the “D” of the so-called ABCD group of big agricultural commodity merchants alongside Archer Daniels Midland, Bunge and Cargill.

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.
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