Waste and recycling multinational Averda has concluded a successful refinancing of its $148-million term loan and secured a $30-million green loan from banking group HSBC to invest in circular economic activities in the emerging economy markets it serves. For a circular economy to become a reality, aligning the financial system with sustainable development will require actions across the entire financial system, and form part of a wider sustainable investment, which is aimed at reducing the impact on the environment, says Averda MD Justice Tootla.
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