Australian salmon and shrimp farmer Tassal has signed a sustainability-linked loan for AUD 497 million (€343.6 million/$351.8 million), linking some of the interest charges to sustainability key performance indicators (KPIs), a first for any aquaculture company in Australia, according to the group.
The SLL provides accountability and external validation for the delivery of Tassal’s sustainability ambitions, it said.
Under the SLL, Tassal is incentivised to perform against greenhouse gas emission reduction, greater feed efficiency and commitment to continuous improvement initiatives required to maintain Aquaculture Stewardship Council (ASC) certification.
