Olam, Deutsche Bank close FX derivative linked to ESG
Add BT as a preferred sourceSingapore
MAINBOARD-LISTED agri-business group Olam International and Deutsche Bank on Friday announced the execution of Asia's first foreign exchange (FX) derivative linked to environmental, social and governance (ESG) key performance indicators (KPIs).
The ESG-linked foreign exchange (Thai baht/US dollar) forward enables Olam to lock in a discount when it meets pre-defined ESG targets which support the United Nations (UN) Sustainable Development Goals (SDGs), said Olam and Deutsche Bank in a joint media statement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Malaysian fugitive Jho Low seeks Trump pardon in 1MDB case
Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead
