Trading and chartering giant Gunvor Group has successfully met sustainability targets linked to a pioneering $725m financing facility.
The company, which also has shipowning interests, became the first commodities group to close such a loan and can now renew for another year, according to auditor PricewaterhouseCoopers (PwC).
The coupon is dependent on the company’s year-on-year improvements in 15 different sustainability criteria.
