Deutsche Bank Links Henkel Supply-Chain Financing To ESG Criteria
20 May 2022 - 3:29AM
Dow Jones News
By Maitane Sardon
Deutsche Bank AG said Thursday that it had linked Henkel's
supply-chain finance program to the sustainability ratings of the
German consumer goods company's suppliers.
The program aims to give suppliers an incentive to adopt more
environmentally friendly practices by giving them discounts on
financing costs if they improve their ESG rating, Deutsche bank
said.
For companies, reducing their overall emissions involves cutting
those associated with their suppliers and customers, which can
often make up most of a firm's carbon footprint.
The bank aims to expand the program, which it said is the first
of its kind, to suppliers outside of Europe.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
May 19, 2022 13:14 ET (17:14 GMT)
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