Beyti granted EGP 1.8 bn sustainability-linked loan: Dairy and juice giant Beyti has inked a sustainable loan agreement worth EGP 1.8 bn with HSBC Egypt, according to a company statement (pdf).

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The terms: The facility is tied to ESG KPIs — a 12.3% cut in emissions by 2026, a 9.1% drop in water intensity, and a 55% reduction in landfill waste in comparison to their 2023 rates. The terms play into the company’s target to achieve zero emissions.

What they said: “Our goal is to maintain environmental balance by maximizing resource efficiency, striving for zero buried waste, and reducing our carbon footprint,” Beyti’s General Manager Chris Abboud said. “This facility is a pivotal step in accelerating our efforts to reach our goals. It gives us the financial flexibility needed to invest in more sustainable solutions across our operations, allowing us to reduce our carbon emissions by 30% by the year 2030, vs 2019.”

Tags: