Louis Dreyfus Company India Pvt Ltd (LDC) has secured sustainable finance for the procurement of palm oil certified by the Roundtable on Sustainable Palm Oil (RSPO).
In line with its commitment to responsible banking, DBS Bank Singapore supported the Indian arm of the global enterprise. The milestone was achieved by implementing the bank’s Supplier Payment Services (SPS) solution.
The RSPO promotes sustainability in the palm oil industry and the supply chain. It enforces globally recognized standards and audits certified producers. This program aligns with the bank’s bigger goals to improve sustainable financing while offering its clients tools to help them achieve their sustainability objectives.
Divyesh Dalal, Managing Director & Head, Global Transaction Services, SME and Institutional Liability Business, DBS Bank India, said, “This transaction represents a significant milestone, underscoring the crucial role of sustainable finance in catalyzing positive change. Our innovative SPS solution champions responsible sourcing practices and optimizes working capital management. By combining financial innovation with a strong commitment to sustainability, we empower businesses to make a lasting impact on the environment and society.”
