Royal FloraHolland has take out its first Sustainability Linked Loan : a loan in which the stake rate is linked to the accomplishment of sustainability goals . This is an important milepost for the cooperative . The loan is part of the € 210 million refinancing that was agreed upon last summer for the next seven years . Thanks to extra and challenging sustainability agreement with the banking syndicate , the funding has now formally been converted into a Sustainability Linked Loan .
With this Sustainability Linked Loan , Royal FloraHolland and the banks involved are emphasise the peachy importance of sustainability for both the co-op and the floriculture sector as a whole . In doing so , Royal FloraHolland is aligning itself with the end of the Paris Climate Agreement and the guidelines of the Dutch Green Building Council . The established KPIs focus on make Royal FloraHolland itself more sustainable , as well as the sector as a whole . There are two KPIs for our own activeness : one aimed at saving energy in building and installations , and one at improving energy efficiency . In addition , there is a KPI for the percent of production turnover that is attest according to the FSI Basket of Standards .
KPIs for Royal FloraHolland and the entire sector"We can be lofty of this milestone . We have arrange ourselves ambitious KPIs that put up to a sound public . The fact that our refinancing has now been officially recognized as a Sustainability Linked Loan is the outcome of hard workplace and an intensive operation with the banking company that previously place their trust in us with the refinancing , " says David van Mechelen , Chief Financial Officer of Royal FloraHolland . " We are focalize on sustainability with a major investment programme , including effort to make our edifice and installations more sustainable . This admit replacing flatulency - fired boiler with heat ticker installations , instal solar panels on as many roof as potential , and intelligently recovering passion from installation for reuse , " he adds .
Reducing the C footprintAchieving the fit in KPIs also yields an pastime advantage . David van Mechelen says , " That interest vantage is a squeamish bonus , but it ’s mainly about becoming more sustainable . We want to reduce our step and contribute to a more sustainable world . We do this not only within our own company , but also together with the sector . The more we work together as a sphere , the greater the impact . The camber definitely recognize the importance of this . "
intrinsical motivationABN AMRO was nominate Sustainability Coordinator by the syndicate ( ING , Rabobank and ABN AMRO ) and in this role plunk for Royal FloraHolland in the cognitive operation of realizing the Sustainability Linked Loan . Jan Droppers , Senior Relationship Manager at ABN AMRO , say : ' We appreciate Royal FloraHolland ’s ambition , sweat and dedication in obtaining this classification . This is about more than a potential interestingness rate advantage ; it is found on an intrinsical motivation to contribute to external sustainability objectives . The way in which Royal FloraHolland has act upon with its banks corroborate its crusade to make a difference in the area of sustainability . '
For more data : Royal FloraHollandwww.royalfloraholland.com
