Manufacturing Sector Gets First SLL

Charles Davis, CBA’s Managing Director Sustainable Finance and ESG, said “We are proud to support Pact coming to market with the first sustainability-linked loan in Australia’s manufacturing sector, and one that looks to drive meaningful change, not only within Pact’s own operations, but also across the manufacturing sector more broadly.

“Pact’s transaction is a great example of how multiple targets under one KPI theme can be used by a company to drive internal and external outcomes. Pact’s recycling target not only focuses on increasing recycled content in Pact’s portfolio, but also seeks to increase the amount of recycled material processed on an industry-wide basis, helping to further develop the local circular economy.”