• HOME
  • NEWS
  • EXPLORE
    • CAREER
      • Companies
      • Jobs
    • EVENTS
    • iGEM
      • News
      • Team
    • PHOTOS
    • VIDEO
    • WIKI
  • BLOG
  • COMMUNITY
    • FACEBOOK
    • INSTAGRAM
    • TWITTER
Thursday, August 28, 2025
BIOENGINEER.ORG
No Result
View All Result
  • Login
  • HOME
  • NEWS
  • EXPLORE
    • CAREER
      • Companies
      • Jobs
        • Lecturer
        • PhD Studentship
        • Postdoc
        • Research Assistant
    • EVENTS
    • iGEM
      • News
      • Team
    • PHOTOS
    • VIDEO
    • WIKI
  • BLOG
  • COMMUNITY
    • FACEBOOK
    • INSTAGRAM
    • TWITTER
  • HOME
  • NEWS
  • EXPLORE
    • CAREER
      • Companies
      • Jobs
        • Lecturer
        • PhD Studentship
        • Postdoc
        • Research Assistant
    • EVENTS
    • iGEM
      • News
      • Team
    • PHOTOS
    • VIDEO
    • WIKI
  • BLOG
  • COMMUNITY
    • FACEBOOK
    • INSTAGRAM
    • TWITTER
No Result
View All Result
Bioengineer.org
No Result
View All Result
Home NEWS Science News Chemistry

Sustainability-linked loans provide opportunities for chemical firms

Bioengineer by Bioengineer
June 26, 2019
in Chemistry
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare on RedditShare on Telegram

Spurred by calculations showing that companies with a lower environmental impact are less of a financial risk, banks are beginning to offer cheaper loans if chemical firms hit agreed-upon levels of environmental performance. In this way, companies and banks can obtain a mutually beneficial relationship through green finance, according to an article in Chemical and Engineering News (C&EN), the weekly newsmagazine of the American Chemical Society.

Companies such as Stora Enso, Indorama Ventures, DSM and Solvay became some of the first to take sustainability-linked loans, Senior Editor Alex Scott writes. Kemira, a specialty chemical firm, agreed to meet three criteria to obtain a sustainability-linked loan: reduce greenhouse gas emissions by 20% by 2020, ensure at least half its revenue is from products that improve customer resource-use efficiency and maintain its gold-standard sustainability rating from the environmental assessment firm EcoVadis. This sustainability rating determined the initial loan interest rate, which will rise if the firm fails to meet environmental targets.

Ecoloans have mostly been adopted by a handful of European companies, but the approach could easily be used in Asia, especially in China and Southeast Asia, where sustainability in the supply chain is critical. In general, the financial sector is becoming more interested in environmental, social, government and sustainability issues, which may eventually lead some banks to deny loans to firms with poor environmental track records. This is only the beginning of chemical firms linking loans to environmental sustainability, experts say. 

###

The article, “Chemical makers sign up for sustainability-linked loans,” is freely available here.

The American Chemical Society, the world’s largest scientific society, is a not-for-profit organization chartered by the U.S. Congress. ACS is a global leader in providing access to chemistry-related information and research through its multiple databases, peer-reviewed journals and scientific conferences. ACS does not conduct research, but publishes and publicizes peer-reviewed scientific studies. Its main offices are in Washington, D.C., and Columbus, Ohio.

To automatically receive news releases from the American Chemical Society, contact [email protected].

Follow us on Twitter | Facebook

Media Contact
Katie Cottingham
[email protected]

Tags: Business/EconomicsChemistry/Physics/Materials SciencesGrants/Funding
Share12Tweet8Share2ShareShareShare2

Related Posts

Wayne State Study Advances Quality of Life for Individuals with Type 1 Diabetes

Wayne State Study Advances Quality of Life for Individuals with Type 1 Diabetes

August 27, 2025
Wayne State Researchers Pioneer Advances to Enhance Quality of Life for Individuals with Type 1 Diabetes

Wayne State Researchers Pioneer Advances to Enhance Quality of Life for Individuals with Type 1 Diabetes

August 27, 2025

Electrostatic Map Reveals Non-Covalent Metal–Organic Frameworks

August 27, 2025

Widespread Metal, Extraordinary Potential Unveiled

August 27, 2025
Please login to join discussion

POPULAR NEWS

  • blank

    Breakthrough in Computer Hardware Advances Solves Complex Optimization Challenges

    149 shares
    Share 60 Tweet 37
  • Molecules in Focus: Capturing the Timeless Dance of Particles

    142 shares
    Share 57 Tweet 36
  • New Drug Formulation Transforms Intravenous Treatments into Rapid Injections

    115 shares
    Share 46 Tweet 29
  • Neuropsychiatric Risks Linked to COVID-19 Revealed

    82 shares
    Share 33 Tweet 21

About

We bring you the latest biotechnology news from best research centers and universities around the world. Check our website.

Follow us

Recent News

Mapping Urban Gullies in Congo Revealed

Exome Sequencing and Polygenic Risk in Kidney Health

Salvia Extract Reduces Cyclophosphamide-Induced Ovarian Damage

  • Contact Us

Bioengineer.org © Copyright 2023 All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepages
    • Home Page 1
    • Home Page 2
  • News
  • National
  • Business
  • Health
  • Lifestyle
  • Science

Bioengineer.org © Copyright 2023 All Rights Reserved.