Committed to its role in transitioning towards a more sustainable society, MCB has launched the Sustainable Supply Chain Finance, a new financing facility aimed at businesses.
Floreal and FSM, CIEL Textile's subsidiaries, will be the first to benefit from this facility on a pilot basis. The Sustainable Supply Chain Finance is part of a pilot project in collaboration with the International Chamber of Commerce on the Standards for Sustainable Trade.
This financing solution enables businesses to optimize their working capital by boosting their cash flows. Eligible businesses can also benefit from MCB's expertise in risk analysis and structuring at a preferential rate.
To be eligible, businesses must demonstrate the viability of their activities for environmental protection and socio-economic development. This financing facility allows them to align with the Paris Agreement's goals, which aim to limit global warming to 1.5˚C as per the commitments of the COP 21 conference in Paris, and the United Nations Sustainable Development Goals (SDGs).