On June 27, 2012, Halcyon Agri announced that it has received a syndicated sustainability-linked loan of US$300 million. The loan will provide working capital for Halcyon’s natural rubber plant in Asia and replace some of Halcyon Agri’s higher-rate loans, thereby reducing overall financing costs.
In 2021, Halcyon Agri determined its key priorities, which include net zero carbon emissions, net positive water impact, responsible sourcing and equitable livelihoods, to contribut to the United Nations Sustainable Development Goals (UN SDGs). In addition, the group identified three initial Sustainability Performance Targets (SPTs): energy efficiency (grid), water consumption intensity and source traceability, driving the group to further utilize renewable energy, save water and reduce its carbon footprints while achieving cost-effectiveness.
Halcyon Agri’s SPTs cover the natural rubber processing of Halcyon Rubber in Asia. Moody’s ESG, has reviewed these SPTs and concluded that the loan is consistent with the Sustainability-Linked Loan Principles (SLLP).