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Gunvor meets climate targets and gets lower interest on loans

Commodity trader Gunvor secures a lower interest rate on a credit facility with several banks, as the company has improved on a series of sustainability and social responsibility targets. The loan must be renewed every year.

Arkivfoto | Photo: PR/Maersk

Swiss-based commodity trader Gunvor has met a series of climate targets and now gets a lower interest rate on a credit facility, which depends on the company becoming more sustainable.

Last year, Gunvor signed a USD 725 million credit facility with a group of banks. The facility must be renewed every year, and Gunvor is required to continuously meet so-called ESG targets, namely environmental, social and governance.

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