ANZ, Brambles in green loan

ANZ has helped logistics group Brambles secure a $US1.35bn sustainability-linked facility, the first such arrangement from the pallets and crates giant.

The five-year syndicated facility, which is linked to sustainability targets including decarbonisation, refinances a series of existing bilateral loans. ANZ acted as joint-sustainability and joint-documentation coordinator on the loan deal, which includes two one-year extension options.

ANZ Head of Corporate Finance, Europe, Emma Broughton said the bank was proud to help Brambles take another step toward its commitment to achieve net-zero by 2040.

“Minimising the impact of supply chains on the environment is deeply embedded in Brambles’ business strategy,” she said.

Sustainability commitments sit at the core of Brambles’ strategy and operations, Brambles Senior Vice President, Treasury, Oliver Whiddett said.

“We’re pleased to have secured this facility which strengthens and affirms these commitments, signals the recognition of Brambles’ sustainability strategy and supports our work as we continue to pursue our decarbonisation and regeneration goals,” he said.

Brambles manages the world’s largest pool of reusable pallets, crates and containers. The company is involved in supply chains across more than 60 international markets.

The news comes amid a busy period for ANZ in the sustainable finance space. Earlier this month, the bank secured a five-year sustainability-linked private placement for merchant Louis Dreyfus Company.

In September, ANZ joined six global banks in finalising the first sustainability loan for Chinese car manufacturer Geely Automobile Holdings, and participated in an $A800 million social loan for Opal HealthCare.