Vietnam Coffee Producer to Receive Up to $25 Million ESG Loan
Vietnam Coffee Producer to Receive Up to $25 Million ESG Loan
- Funds will be used to fund Phuc Sinh’s sustainable development
- Netherlands-based &Green seeks ESG-related investments
August 14, 2024 at 6:00 AM GMT+7
Updated on
August 14, 2024 at 12:32 PM GMT+7
Coffee and pepper producer Phuc Sinh Corp. will receive a loan of as much as $25 million from SAIL Investments’ Netherlands-based &Green Fund.
The Ho Chi Minh City-based company, which also exports chilies, cashew nuts, cassia and other products, is the first Vietnamese company to get direct support from the environmentally focused foundation, Phuc Sinh said in an emailed statement. It will use the funds to ensure deforestation-free coffee supply chains, more...