UPDATE 1-World's biggest coal port loan price linked to social, emissions goals
(Adds background, paragraph 7) SYDNEY, May 4 (Reuters) - Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said. The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement. The loan also contains metrics focused on mental health first aid, diversity and inclusion, they sai...
Source: reuters.com