📅 11 January 2022 🕟 09:00 AM
IFC‘s Global Trade Supplier Finance (GTSF) program provides short-term financing to suppliers in emerging markets who sell to large domestic buyers or export to international buyers. Increasingly, GTSF is an effective route for multinationals looking to green their supply chain by encouraging suppliers to adopt more sustainable social and environmental measures.
Recently, international chocolate and cocoa manufacturer Barry Callebaut and IFC launched a partnership that makes the company’s sugar suppliers in Mexico eligible for discounted rates on supply chain financing from IFC as they work towards obtaining Bonsucro certification.
The initiative is in partnership with DEMICA, a fintech company that provides working capital solutions, including a broad range of payables and receivables finance products.
Representatives from Barry Callebaut, Bonsucro, DEMICA, and IFC will discuss their innovative financing partnership and its role in advancing a more sustainable sugarcane industry. The webinar will also include insights from DCM Shriram Ltd. in India on its sustainability journey and its path toward achieving Bonsucro certification for three of its mills and over 5,000 smallholder farmers in 2021.
The webinar will provide multinationals, emerging market suppliers, sustainability organizations, and multilateral organizations the chance to learn more about the opportunities and challenges in using supply chain finance and sustainability certification to drive positive change in sugarcane and other agricultural supply chains.