Beyti Secures EGP 1.8 Billion Sustainability-Linked Loan
Deal News | May 20, 2025 | Zawya
Beyti, a subsidiary of Almarai and a prominent player in Egypt's food and beverage industry, has signed a significant new loan agreement with HSBC Bank Egypt to advance its sustainability initiatives. The loan agreement is noteworthy for being sustainability-linked, featuring rigorous ESG (Environmental, Social, and Governance) KPIs. Among these, Beyti aims for a 12.3% reduction in emissions by 2026, a 9.1% reduction in water intensity, and a substantial decrease in landfill waste as outlined in their 2023-2027 sustainability roadmap. This strategic direction aligns with Beyti's board’s focus on the “3 Ps”: People, Planet, and Product, and acknowledges the broader mission to establish a zero-emissions framework. The agreement also highlights HSBC's role as a leader in green finance, offering innovative funding solutions that help clients like Beyti meet their environmental targets. These pioneering efforts are underscored by Beyti's ongoing operational developments such as the integration of solar energy and the conversion of industrial facilities from diesel to cleaner natural gas, marking a decisive move towards a low-carbon economy. The collaboration is hailed as a step forward in both the company’s and the bank’s mutual dedication to fostering a sustainable business environment.
Sectors
- Food and Beverage
- Financial Services
- Sustainable Agriculture and Environment
Geography
- Egypt – The loan agreement and sustainability initiatives are taking place in Egypt, where Beyti is a major food producer.
Industry
- Food and Beverage – Beyti is a leading producer in Egypt's food sector, specializing in dairy and juice products.
- Financial Services – HSBC Bank Egypt is playing a key role in providing sustainability-linked financial solutions to companies like Beyti.
- Sustainable Agriculture and Environment – The article focuses on ESG goals, including emissions reduction and waste management, which are central to sustainable agriculture and environmental practices.
Financials
- EGP 1.8 Billion – The value of the sustainability-linked loan agreement secured by Beyti from HSBC Bank Egypt.
- 290 tons of plastic waste diverted annually – Beyti’s achievement in waste reduction since 2022, as part of its sustainability efforts.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Beyti | Target company / Almarai Subsidiary | Company | A leading Egyptian food manufacturing company, known for dairy and juice products. |
| Almarai | Parent company | Company | A prominent multinational dairy company based in Saudi Arabia, owning Beyti. |
| HSBC Bank Egypt | Lender | Company | A major banking institution in Egypt, providing the sustainability-linked loan to Beyti. |
| Chris Abboud | General Manager of Beyti | Person | An executive at Beyti, actively involved in the sustainability initiatives. |
| Todd Wilcox | CEO and Deputy Chairperson of HSBC Bank Egypt | Person | A senior executive at HSBC, promoting sustainability finance. |