Vitamins group Blackmores has about half of its total bank loans now linked to sustainability and environmental targets in a $75 million refinancing where it will pay a lower interest rate if it meets certain milestones.
Chief executive Alastair Symington said he expects more companies to move to similar sustainability-linked loans and in the next few years those without them will become a rarity.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
