Trading and shipowning giant Trafigura Group has fixed its first sustainability-linked loans as part of a huge $5.5bn financing round.

The commodities group, a major vessel charterer, said its progress in decarbonisation and responsible business practices — as well the potential to reach further milestones — has allowed it to build eco elements into its funding.

The company has closed a new 365-day European multi-currency syndicated revolving credit facility (ERCF) worth $1.85bn,