--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20190723-yara-got-a-business-loan-linked-to-its-emissions/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Yara got a business loan linked to its emissions Publication Date: 2019-07-23T07:26:12-04:00 Last Updated: 2019-07-27T05:32:07-04:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Markets](https://www.fertilizerdaily.com/markets/) ![Yara got a business loan linked to its emissions](https://www.fertilizerdaily.com/wp-content/uploads/2019/07/Dollars2.jpg) Yara is the first Norwegian company to enter into a credit facility linked to environmental, social and governance targets. The Norwegian manufacturer of mineral fertilizers, Yara International (hereinafter referred to as Yara), and a banking syndicate have signed a revolving 1.1-billion-dollar credit facility for five years with an option to renew it for another two years. The funds will be used to refinance the debt burden, and for general corporate objectives. The interest rate will be adjusted every year depending on the amount of greenhouse gas emissions by Yara enterprises. In general, Yara aims to reduce the emission of greenhouse gases by 10% for each ton of produced mineral fertilizers by 2025. ‘Reducing the greenhouse gas intensity is a part of the Yara strategy. By connecting financing with carbon footprint, we confirm a clear link between the sustainability of business development and its profitability,’ said Lars Røsæg, Yara’s Chief Financial Officer. Tags: [credit facilities](https://www.fertilizerdaily.com/tag/credit-facilities/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [Yara International](https://www.fertilizerdaily.com/tag/yara-international/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.