Chandra Asri Becomes the First Sustainability-Linked Trade Facility Recipient from Bank UOB

Chandra Asri officially became the first recipient of Sustainability-Linked Trade facility in Indonesia from Bank UOB through a signing that happened on Monday, July 25, 2022. The US$100 million facility that Chandra Asri received is expected to increase the resilience of Chandra Asri's supply chain and fulfill the Company's commitment towards ESG priorities. Furthermore, it is hoped that this step will boost the Company's ability to meet the demand for the petrochemical industry in Indonesia. Aligned with the United Nations Sustainable Development Goals (SDGs), UOB’s sustainable financing frameworks enable companies to apply for green or sustainability-linked banking products without having to develop their own financing frameworks. The Sustainability-Linked Trade program itself is also part of UOB’s Green and Sustainable Trade Finance and Working Capital Framework, which seeks to support clients’ long-term sustainability goals.