(AOF) – Bel announced today that it has concluded on September 1, 2022 the refinancing of its multi-currency revolving credit agreement for an amount of 550 million euros, again introducing environmental and social impact criteria. This line is formed by a syndicate of 11 banks or groups of banks, which once again confirm their confidence in the Bel Group’s commitments.
The line of credit with environmental and social impact, granted to the group for a period of five years, with a possible two-year extension (5 years + 1 year + 1 year), is based on the achievement of three objectives: reduce its emissions Scope 1 and 2 greenhouse gas emissions, as part of its global Science Based Targets +1.5°C commitment; develop carbon diagnostics and action plans with milk producers and contribute to healthier diets on its core brands for children and families.
This framework now offers Bel the possibility of structuring in the format
Sustainability-Linked
all of its funding. This type of financing corresponds to all types of instruments whose financial characteristics vary according to the achievement of sustainable development objectives in terms of the Environment, Social and Corporate Governance selected for the instrument.
Future financing operations may therefore be indexed to the Bel Group’s sustainable development objectives. This framework was independently assessed by Moody’s ESG Solutions and received a positive opinion attesting to the ambition of the objectives set.
AOF – LEARN MORE