Suresnes, the October 4th – 18:00

The Bel Group Approved the anchoring of RSE,
at the heart of its funding strategy.

Bel, the leading group in the dairy industry and 5^th Company worldwide that voluntarily adjusted its credit lines to its sustainable development performance accelerates and reaffirms its nearly 20-year commitment to a CSR approach.

A credit line indexed to enhanced CSR criteria

The 1^is On September 10, 2022, Bel completed the refinancing of its €550 million multi-currency revolving credit facility and reintroduced environmental and social impact criteria. This line is formed by a consortium of 11 banks or banking groups who reaffirm their confidence in Bel Group’s commitments.

The line of credit with environmental and social impact, granted to the group for a period of five years with a possible extension of two years (5 years + 1 year + 1 year), is based on the achievement of three objectives:

• Reduce your greenhouse gas emissions scope 1 and 2, as part of its global Science Based Targets +1.5°C commitment;
• Development of carbon diagnostics and action plans with dairy farmers ;
• Contribute to healthier eating with its core brands for children and families.

Frédéric Médard, Bel’s Chief Impact Officer in charge of Finance and CSR, stated:
“The successful extension of our credit line shows the trust of our partner banks. This new “Impact” financing is a reminder once again of our desire to see the company’s development through the filter of both financial criteria and…