{"id":8969,"date":"2020-06-24T10:57:54","date_gmt":"2020-06-24T08:57:54","guid":{"rendered":"https:\/\/tereos.com\/news\/une-operation-financiere-verte-pour-tereos-bresil\/"},"modified":"2020-06-25T14:19:47","modified_gmt":"2020-06-25T12:19:47","slug":"a-green-financial-operation-for-tereos-brazil","status":"publish","type":"news","link":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/","title":{"rendered":"A green financial operation for Tereos Brazil"},"author":9,"featured_media":8965,"template":"","categories":[],"class_list":["post-8969","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":{"cover_image":8965,"cover_clone":{"cover_image":8965},"headline":"Why is the sustainable loan signed by TSEB encouraging for the Group? How does it work? Answer with Felipe Mendes, TSEB Treasury and Business Development Director","headline_clone":{"headline":"Why is the sustainable loan signed by TSEB encouraging for the Group? How does it work? Answer with Felipe Mendes, TSEB Treasury and Business Development Director"},"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"<p lang=\"FR-FR\"><strong>TSEB\u00a0announced\u00a0last\u00a0week\u00a0that\u00a0it\u00a0has\u00a0taken\u00a0out <a href=\"https:\/\/tereos.com\/en\/press-releases\/tereos-takes-out-the-first-sustainability-linked-loan-in-the-brazilian-sugar-and-ethanol-sector-with-a-new-us-105-mi-longterm-financing\/\" target=\"_blank\" rel=\"noopener\">a\u00a0sustainable\u00a0loan\u00a0from\u00a07 international\u00a0banks.<\/a> Felipe Mendes, Treasury and Business Development Director in Brazil, explains this financial operation.\u00a0<\/strong><\/p>\n<p lang=\"FR-FR\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8962 aligncenter\" src=\"https:\/\/tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1.png\" alt=\"\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1.png 200w, https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1-150x150.png 150w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/p>\n<h3 lang=\"FR-FR\">1\/\u00a0 What\u00a0is this new loan signed by\u00a0Tereos\u00a0Sugar &amp; Energy Brazil?<\/h3>\n<p lang=\"FR-FR\">This loan <strong>amounts USD105 mm and has a 5-year tenor and it will be used to refinance an important part of our debt amortizing this year\u00a0and\u00a0support our sugar exports. But we are proud to announce that we have chosen to switch from a regular loan to a Sustainable-linked loan.<\/strong> This is an important step for several reasons: firstly, we are the first company to contract a sustainable financing in the Brazilian sugar &amp; ethanol sector. Also, this operation shows an important support from our long-standing banks in a delicate moment of the financial markets and gives visibility to Tereos as a player in the ethical finance.<\/p>\n<h3 lang=\"FR-FR\">2\/ How does\u00a0a\u00a0Sustainability Linked-Loan work?<\/h3>\n<p lang=\"FR-FR\"><strong>A sustainability-linked loan foresees a reduction in interest rates in case the company annually achieves a set sustainable targets agreed in the facility agreement.\u00a0 It strongly encourages us to perform at best, as the opposite is also true:<\/strong> in case we do not achieve, we will have an interest rate increase. We committed to 4 KPIs: reduction in GHG emission, reduction in water consumption, increase in cane certification and increase in ESG rating. This type of transaction represented almost one third of last year\u2019s green debt issuance globally \u2013 a market of over USD1.3 trillion since 2012. Besides being a pioneer for the industry in Brazil, we feel we are contributing to the Group\u2019s global CSR performance, on top of benefiting from possible interest rate reduction.<\/p>\n<h3 lang=\"FR-FR\">3\/ Why is it an important milestone?<\/h3>\n<p lang=\"FR-FR\">This achievement is very positive. <strong>It demonstrates the solidity of the Group&#8217;s CSR model recognized by organizations such as\u00a0EcoVadis\u00a0platform and thanks to certifications such as Bonsucro or SAI.<\/strong> It encourages our financial partners, who are paying strong attention to Sustainability, to identify\u00a0Tereos\u00a0as a partner for the long run. Being a green industry by nature, we are pioneering for this type of transaction to become rule, not exception. I take the opportunity to thank to all\u00a0Tereos\u2019 teams involved in this project. Most likely the first of many&#8230;<\/p>\n"}],"flexible_editorial_clone":{"has_anchors":false,"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"<p lang=\"FR-FR\"><strong>TSEB\u00a0announced\u00a0last\u00a0week\u00a0that\u00a0it\u00a0has\u00a0taken\u00a0out <a href=\"https:\/\/tereos.com\/en\/press-releases\/tereos-takes-out-the-first-sustainability-linked-loan-in-the-brazilian-sugar-and-ethanol-sector-with-a-new-us-105-mi-longterm-financing\/\" target=\"_blank\" rel=\"noopener\">a\u00a0sustainable\u00a0loan\u00a0from\u00a07 international\u00a0banks.<\/a> Felipe Mendes, Treasury and Business Development Director in Brazil, explains this financial operation.\u00a0<\/strong><\/p>\n<p lang=\"FR-FR\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8962 aligncenter\" src=\"https:\/\/tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1.png\" alt=\"\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1.png 200w, https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/copie-de-copie-de-copie-de-photo-article-intranet-1-150x150.png 150w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/p>\n<h3 lang=\"FR-FR\">1\/\u00a0 What\u00a0is this new loan signed by\u00a0Tereos\u00a0Sugar &amp; Energy Brazil?<\/h3>\n<p lang=\"FR-FR\">This loan <strong>amounts USD105 mm and has a 5-year tenor and it will be used to refinance an important part of our debt amortizing this year\u00a0and\u00a0support our sugar exports. But we are proud to announce that we have chosen to switch from a regular loan to a Sustainable-linked loan.<\/strong> This is an important step for several reasons: firstly, we are the first company to contract a sustainable financing in the Brazilian sugar &amp; ethanol sector. Also, this operation shows an important support from our long-standing banks in a delicate moment of the financial markets and gives visibility to Tereos as a player in the ethical finance.<\/p>\n<h3 lang=\"FR-FR\">2\/ How does\u00a0a\u00a0Sustainability Linked-Loan work?<\/h3>\n<p lang=\"FR-FR\"><strong>A sustainability-linked loan foresees a reduction in interest rates in case the company annually achieves a set sustainable targets agreed in the facility agreement.\u00a0 It strongly encourages us to perform at best, as the opposite is also true:<\/strong> in case we do not achieve, we will have an interest rate increase. We committed to 4 KPIs: reduction in GHG emission, reduction in water consumption, increase in cane certification and increase in ESG rating. This type of transaction represented almost one third of last year\u2019s green debt issuance globally \u2013 a market of over USD1.3 trillion since 2012. Besides being a pioneer for the industry in Brazil, we feel we are contributing to the Group\u2019s global CSR performance, on top of benefiting from possible interest rate reduction.<\/p>\n<h3 lang=\"FR-FR\">3\/ Why is it an important milestone?<\/h3>\n<p lang=\"FR-FR\">This achievement is very positive. <strong>It demonstrates the solidity of the Group&#8217;s CSR model recognized by organizations such as\u00a0EcoVadis\u00a0platform and thanks to certifications such as Bonsucro or SAI.<\/strong> It encourages our financial partners, who are paying strong attention to Sustainability, to identify\u00a0Tereos\u00a0as a partner for the long run. Being a green industry by nature, we are pioneering for this type of transaction to become rule, not exception. I take the opportunity to thank to all\u00a0Tereos\u2019 teams involved in this project. Most likely the first of many&#8230;<\/p>\n"}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A green financial operation for Tereos Brazil - Tereos<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A green financial operation for Tereos Brazil - Tereos\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/\" \/>\n<meta property=\"og:site_name\" content=\"Tereos\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-25T12:19:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/\",\"url\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/\",\"name\":\"A green financial operation for Tereos Brazil - Tereos\",\"isPartOf\":{\"@id\":\"https:\/\/tereos.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png\",\"datePublished\":\"2020-06-24T08:57:54+00:00\",\"dateModified\":\"2020-06-25T12:19:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage\",\"url\":\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png\",\"contentUrl\":\"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png\",\"width\":1920,\"height\":1440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tereos.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A green financial operation for Tereos Brazil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tereos.com\/en\/#website\",\"url\":\"https:\/\/tereos.com\/en\/\",\"name\":\"Tereos\",\"description\":\"Un site utilisant WordPress\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tereos.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A green financial operation for Tereos Brazil - Tereos","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/","og_locale":"en_US","og_type":"article","og_title":"A green financial operation for Tereos Brazil - Tereos","og_url":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/","og_site_name":"Tereos","article_modified_time":"2020-06-25T12:19:47+00:00","og_image":[{"url":"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png","width":1024,"height":768,"type":"image\/png"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/","url":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/","name":"A green financial operation for Tereos Brazil - Tereos","isPartOf":{"@id":"https:\/\/tereos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage"},"image":{"@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png","datePublished":"2020-06-24T08:57:54+00:00","dateModified":"2020-06-25T12:19:47+00:00","breadcrumb":{"@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#primaryimage","url":"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png","contentUrl":"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2.png","width":1920,"height":1440},{"@type":"BreadcrumbList","@id":"https:\/\/tereos.com\/en\/news\/a-green-financial-operation-for-tereos-brazil\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tereos.com\/en\/"},{"@type":"ListItem","position":2,"name":"A green financial operation for Tereos Brazil"}]},{"@type":"WebSite","@id":"https:\/\/tereos.com\/en\/#website","url":"https:\/\/tereos.com\/en\/","name":"Tereos","description":"Un site utilisant WordPress","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tereos.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"featured_media_src":"https:\/\/www.tereos.com\/app\/uploads\/2020\/06\/sans-titre-2-520x390-c-default.png","date_formatted":"24 June 2020 ","_links":{"self":[{"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/news\/8969"}],"collection":[{"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":3,"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/news\/8969\/revisions"}],"predecessor-version":[{"id":8987,"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/news\/8969\/revisions\/8987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/media\/8965"}],"wp:attachment":[{"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/media?parent=8969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tereos.com\/en\/wp-json\/wp\/v2\/categories?post=8969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}