In 2024, Standard Bank structured a R2.1 billion ($121 million) sustainability-linked working capital facility for PepsiCo South Africa – an ESG transaction notable for introducing sustainability-linked pricing into short-term corporate funding.
The facility was executed in line with the Loan Market Association’s Sustainability Linked Loan Principles and incorporates bespoke KPIs tied to PepsiCo’s renewable energy usage and local supplier engagement. Interest margins are adjusted based on performance against these targets, embedding sustainability directly into the cost of capital.
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