Johor Plantations Group’s inaugural RM1.3 billion ($303 million) sustainability-linked sukuk wakalah achieved important milestones.
As the world’s first sustainability-linked sukuk from the plantation sector – and the first to gain an SRI-linked rating under Malaysia’s SRI sukuk framework – the transaction embedded the company’s core environmental goals directly into its funding terms.
A tiered profit‐payment step-up activates if any of three material KPIs are missed – greenhouse-gas emission cuts, full traceability to fresh-fruit-bunch suppliers, and improved water-management metrics – aligning bondholder returns with Johor Plantations’ net-zero trajectory.
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