[Press Release] VIVESCIA successfully finalizes a five-year financing package to open a new chapter with its project VIVESCIA 3.0
Grain cooperative group VIVESCIA announces that it has reached an agreement with its banking partners for a €750 million financing package, extendable to €900 million.
For the first time, this new five-year financing package includes ESG criteria related to climate change and sustainable agriculture.
Christoph Büren, President of the Group, welcomes “our banking partners’ heightened confidence in VIVESCIA’s strategic direction,” adding: “The VIVESCIA Group is confidently opening a new chapter with our transformation, development, and innovation plan, VIVESCIA 3.0.”
“With this new long-term financing, we now have the resources to fulfill our ambitions and create value for VIVESCIA’s cooperative farmers, which is central to our purpose. Our VIVESCIA 3.0 project is moving into the implementation phase!” adds Guillaume Mothe, Managing Director of the Group.
This new financing enables the VIVESCIA Group and its two divisions — Agriculture & Value Chains and VIVESCIA Ingredients — to roll out its new VIVESCIA 3.0 project, driving a renewed strategic ambition: to position itself as a leader in sustainable crop value chains and grain-based ingredients, and to help build the agriculture of tomorrow.
Linking the loan to ambitious ESG criteria underscores the strength of the Group’s sustainable development strategy, LINK, and how it is integrally connected to its business model.
- Reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions.
- Reduction in the farm-level GHG emission factor specific to grain production by VIVESCIA farmers who are part of the TRANSITIONS regenerative agriculture program.
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