{"id":12472,"date":"2022-11-11T08:55:00","date_gmt":"2022-11-11T07:55:00","guid":{"rendered":"https:\/\/www.ldc.com\/br\/?post_type=stories-insight&#038;p=12472"},"modified":"2022-11-11T14:46:36","modified_gmt":"2022-11-11T13:46:36","slug":"sustainable-finance-in-action-for-brazilian-juice-operations","status":"publish","type":"stories-insight","link":"https:\/\/www.ldc.com\/br\/en\/stories-insights\/sustainable-finance-in-action-for-brazilian-juice-operations\/","title":{"rendered":"Sustainable Finance in Action for Brazilian Juice Operations"},"content":{"rendered":"\n<p>As part of our commitment to shape increasingly sustainable food and agricultural value chains, LDC signed in July 2022 a sustainability-linked, 10-year US$40 million&nbsp;term loan facility with <a href=\"https:\/\/www.proparco.fr\/en\/\"><em>Soci\u00e9t\u00e9 de Promotion et de Participation pour la Coop\u00e9ration Economique<\/em><\/a> (Proparco), a subsidiary of <em>Groupe Agence Fran\u00e7aise de D\u00e9veloppement <\/em>(AFD Group). This is the Group\u2019s first facility including both environmental and social commitments.<\/p>\n\n\n\n<p>A significant share of the funds will be allocated to the capital expenditure needs of LDC\u2019s Juice business for climate change impact mitigation<a href=\"#_ftn1\" id=\"_ftnref1\">[1]<\/a> and sustainable development projects, integrating social KPIs to support LDC supplier certification in line with the <a href=\"https:\/\/saiplatform.org\/fsa\/\"><em>Sustainable Agriculture Initiative\u2019s<\/em> Farm Sustainability Assessment (SAI\/FSA)<\/a> metrics<a href=\"#_ftn2\" id=\"_ftnref2\">[2]<\/a>.<\/p>\n\n\n\n<p>\u201cWe are pleased to have finalized this transaction with Proparco, which complements LDC\u2019s commitment to adopt sustainability-linked principles in its funding strategy,\u201d said Beno\u00eet David-Bellouard, LDC\u2019s Global Head of Treasury, Financing &amp; Corporate Finance. \u201cLinking sustainable financing with our operations underpins company-wide efforts to create fair and sustainable value across our activities and value chains.\u201d<\/p>\n\n\n\n<p>The social KPIs defined as part of this facility are linked with LDC\u2019s efforts to help citrus fruit suppliers attain SAI\/FSA silver or gold grade verification, with a target to increase volumes sourced from suppliers applying verified sustainable farming practices.<\/p>\n\n\n\n<p>\u201cTo ensure our approach is inclusive of suppliers with different scales of production, we are also defining targets to certify a percentage of fruit boxes from small, medium and larger growers, helping to promote sustainable practices among all supplier profiles and across the citrus belt,\u201d added Monica Neves, LDC\u2019s Juice Sustainability Coordinator. \u201cSupporting our suppliers by sharing best practices and facilitating access to certification and verification is central to our business model and collaborative approach to sustainability.\u201d<\/p>\n\n\n\n<p>\u201cWe are thrilled to support LDC\u2019s commitment to reduce the environmental impact of its Brazilian juice operations, from water treatment and consumption optimization in the context of intensifying droughts, to energy use and emissions reduction\u201d stated Philippe Serres, South America Regional Director at Proparco.<a href=\"https:\/\/fr.linkedin.com\/in\/philippe-serres-07790a8\"><\/a><\/p>\n\n\n\n<p>Discover our latest <a href=\"https:\/\/www.ldc.com\/sustainability-report-2021\/\">Sustainability Report<\/a> for more information on our efforts and commitments toward increasingly sustainable business activities and supply chains.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><a href=\"#_ftnref1\" id=\"_ftn1\">[1]<\/a> A specific percentage of proceeds will be linked to climate change projects in LDC Sucos, that will occur in the next years<\/p>\n\n\n\n<p><a href=\"#_ftnref2\" id=\"_ftn2\">[2]<\/a> SAI\u2019s Farm Sustainability Assessment is a tool to engage, assess and improve sustainability practices at farm level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of our commitment to shape increasingly sustainable food and agricultural value chains, LDC signed in July 2022 a sustainability-linked, 10-year US$40 million&nbsp;term loan facility with Soci\u00e9t\u00e9 de Promotion et de Participation pour la Coop\u00e9ration Economique (Proparco), a subsidiary of Groupe Agence Fran\u00e7aise de D\u00e9veloppement (AFD Group). This is the Group\u2019s first facility including [&hellip;]<\/p>\n","protected":false},"featured_media":12477,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-12472","stories-insight","type-stories-insight","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sustainable Finance in Action for Brazilian Juice Operations || Louis Dreyfus Company<\/title>\n<meta name=\"description\" content=\"As part of our commitment to shape increasingly sustainable food and agricultural value chains, LDC signed in July 2022 a sustainability-linked, 10-year US$40 million\u00a0term loan facility with Proparco, a subsidiary of AFD Group.\" 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