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Companies get social responsibility loans

Three European chemical companies have signed up for loans with rates that depend on their success in meeting social responsibility targets. Air Liquide has amended a $2 billion credit line to link financing costs to carbon emission, gender diversity, and safety goals. Lanxess has arranged with 12 banks for a $1.1 billion loan whose interest rate depends on greenhouse gas reductions and an increase in the proportion of women in top management. And Lenzing has completed a $550 million loan with an interest rate that fluctuates depending on the Austrian firm’s sustainability rating.