Perspective
17 February 2022
Why can't commodity traders be more ESG transparent?
At the end of 2021, Bunge closed an amendment and extension of its ESG-tied loan, boasting more ambitious KPIs and a higher margin reduction if sustainability goals are met. But the trader will not disclose details on how its new KPIs are more challenging or who is auditing the progress. Can ESG claims by commodity traders be taken seriously if they cannot be verified independently? And is ESG opaqueness going to force regulation?
