Japanese shipowner NYK Line has clinched the country's first foreign currency sustainability linked loan (SLL).
The company said it had signed the $50m deal with Shiga Bank over four years.
The interest rate is linked to the company's eco-performance on environmental awareness, sustainability governance and leadership in addressing climate change.
The targets are those of CDP, formerly known as the Carbon Disclosure Project, a non-profit organisation that works with companies to prevent global heating, ensure water security, and avoid deforestation.
