RH International (Singapore) Corporation Private Limited (RHIS), a wholly owned subsidiary of RATCH Group Public Company Limited, has received USD150 million in sustainable loans from the International Finance Corporation (IFC). This is IFC’s first sustainable loan in Asia, and it will fund RHIS’ green and social initiatives, including hydropower projects in Indonesia.
IFC will also support RATCH outline its sustainability strategy and build a Sustainable Finance Framework in addition to providing the company long-term funding. It will assist RATCH in expanding its non-infrastructure operations in other emerging markets. The Sustainable Finance Framework is created in accordance with the Loan Market Association’s Green Loan Principles (GLP) and Social Loan Principles (SLP), and will assist RATCH in obtaining additional funding to support its growth in green and social projects.