PT CJ Feed & Care Indonesia, a player in the animal nutrition sector and a subsidiary of South Korea’s CJ CheilJedang, has signed a IDR 350 billion sustainability-linked loan (SLL) agreement with Bank DBS Indonesia. This partnership marks a significant step in both organizations’ efforts to promote sustainable practices within the food production sector. The signing ceremony was attended by President Director of PT CJ Feed & Care Indonesia Lee Jea Ho and Head of Institutional Banking Group PT Bank DBS Indonesia Kunardy Darma Lie.

The sustainability-linked loan ties financial terms to the achievement of key performance indicators (KPIs) that follows CJ CheilJedang’s environmental targets of reducing greenhouse gas emission intensity throughout the company’s operations by 25% by 2030. This is in line with the CJ CheilJedang’s wider commitment to achieving net-zero by 2050. The SLL enables the company to enjoy savings in borrowing costs as it progresses on its sustainability journey.

Head of Institutional Banking Group PT Bank DBS Indonesia Kunardy Darma Lie said, "At Bank DBS Indonesia, we are committed to supporting our partners like PT CJ Feed & Care Indonesia in their transition journey towards sustainable growth. By providing innovative financial solutions and expertise, we aim to empower PT CJ Feed & Care Indonesia to navigate the challenges of a sustainable future, ensuring long-term success and positive impact for both the business and the community. We do this in line with our 'spark' to become the 'Best Bank for a Better World'.”

PT CJ Feed and Care Indonesia taking the step for SLL is an example of how companies from all industries can leverage on financial tools to drive environmental progress. ESG financing is a means to support businesses’ transition towards more sustainable operations. Previously, its parent company, CJ CheilJedang had earlier on also received a Sustainability-Linked Loan from DBS Bank in 2021, in which the proceeds were used to create social value through corporate activities such as environmentally friendly network infrastructure.

PT CJ Feed & Care’s business is largely centered in the Southeast Asia & China region, with production of livestock such as hog and poultry and various feed products for feedstock, with 24 feed plants operating in the region. Established in 2004, PT CJ Feed & Care Indonesia is dedicated to producing high-quality animal feed while prioritizing sustainable practices that contribute positively to the environment and society.

President Director of PT CJ Feed & Care Indonesia Lee Jea Ho said, “We are happy to take part in this sustainability-linked loan, aligning with our commitment to sustainability. This initiative is a step towards supporting our collective goal of becoming an industry leader in sustainable food production.”

Recently awarded as Indonesia’s Best Bank for ESG at Euromoney's Awards for Excellence 2024, Bank DBS Indonesia commits to increase support for businesses seeking to achieve their sustainability ambitions. Earlier this year, Bank DBS Indonesia provided several sustainable financing facilities across different industries, among others a USD 10 million financing to support PT Indo-Rama Synthetics’ sustainable agenda, and also a IDR 1 trillion social financing to PT Permodalan Nasional Madani. DBS Group was also the first in the world to launch sustainable and transition finance framework and taxonomy in 2020 to help clients advance their sustainability journeys.

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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.

PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

PT CJ Feed Care Indonesia secures IDR 350 billion sustainability-linked loan from Bank DBS Indonesia