Boustead Plantations signs RM45mil green financing deal with China Construction Bank

KUALA LUMPUR: Boustead Plantations Bhd (BPB) has sealed a RM45 million green financing agreement with China Construction Bank (M) Bhd (CCBM) to facilitate its sustainable replanting exercise as part of its commitment towards environmental, social and governance (ESG) efforts.

BPB, one of Malaysia’s major palm oil companies, seeks to leverage financing to maximise its ongoing accelerated sustainable replanting programme, particularly for its plantation assets in Sabah, from this year until 2024.