Hang Seng issues $100-m green trade facility for Leo Paper

This marks the first green trade facility for Hong Kong’s paper and printing industry.

Hang Seng Bank has issued a $100m green trade facility for Leo Paper Group to support the company’s green supply chain network expansion and enhancement of its capital flexibility.

The facility will be used to purchase materials from a range of suppliers that are Forestry Stewardship Council certified.

In developing the green facility, Hang Seng said it worked closely with the paper company to fully understand its trade finance needs and the environmental performance required of its suppliers.

The financing arrangement was assessed by SGS Hong Kong, an independent external reviewer.