Peruvian fish oil producer signs sustainability-linked loan
Austral Group obtained USD 22 million to continue the development of a responsible and sustainable financial structure in the face of climate change.
May 11, 2022
Peruvian fish oil producer, Austral Group, obtained a sustainability-linked loan for a total of USD 22 million. This loan was granted by Interbank and will be repayable in a special term of ten years, which demonstrates the company's financial soundness, as well as its long-term commitment to sustainability.
The financing was disbursed in compliance with the sustainability credentials and scope of the Green Lending Principles of the Loan Market Association (LMA), after a thorough evaluation process validated by Pacific's second opinion report, Corporate Sustainability (PCS).
In this regard, Adriana Giudice, director of the National Fisheries Society (SNP) and general manager of Austral Group, stated that said financing is a recognition of the good performance of the company's sustainability strategy, which meets the highest standards in environmental, social and corporate governance (ESG) aspects, and that reaffirms the commitment of the fishing company to be a leading company in sustainability in Peru.
“We develop our operation under a responsible and sustainable fishing approach, preserving and caring for our hydrobiological resources, carrying out clean production that seeks to mitigate its effects against climate change, and continuously promoting the development of the communities surrounding our operations. We believe that companies can do business with a conscious capitalism approach, being responsible with our decisions and generating development for our country,” said Giudice.
Leader in sustainability
Austral Group's goal is to apply sustainable management throughout the company, so that its economic performance responds to a responsible and sustainable financial structure, in line with its strategic plan, and contributes to the modernization of its main assets, such as the renewal of its fleet, the incorporation of environmentally friendly technologies in industrial plants, as well as the promotion of the circular economy, whose good practices allow minimizing the impact of climate change. Since 2018, the company's plants use natural gas.