Thursday, 13 June 2024

UOB’s “Sustainability-Linked Trade Finance facility” recognised as Most Sustainable Trade and Supply Chain Finance Initiative

5 min read

By The Asian Banker

This initiative, launched in response to growing calls for sustainable practices in the rubber industry, involves linking banking facilities to ESG ratings and standards. Post-implementation, the corporate benefited from preferential rates and a permanent increase in trade limits. 

For enhancing the customer’s ESG profile, expanding trade limits permanently, and promoting sustainable rubber sourcing during peak seasons, the Most Sustainable Trade and Supply Chain Finance Initiative is awarded to United Overseas Bank for the “Sustainability-Linked Trade Finance facility.” 

View the full image gallery of the gala awards here

 



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