21 August 2024

FKS Food and Agri Pte Ltd (“FKS FA” or “the Group”) proudly announces that Enerfo Pte Ltd (“Enerfo”), the merchandising arm of the Group, has established its first and inaugural sustainable revolving trade finance facility. This significant milestone marks FKS FA’s unwavering commitment to integrating responsible practices into its core operations and fostering a responsible supply chain.

This facility supports FKS FA’s improved Supplier Code of Conduct, which aims to enhance governance and encourage responsible practices among all its supply chain partners to adhere to the highest standards of environmental, social, and governance (“ESG”) criteria, further promoting transparency and accountability across the supply chain.

Enerfo will receive preferential pricing for the financing of certified agri-commodities from accredited agencies such as the Round Table of Sustainable Soy, the Proterra Foundation, and Bonsucro. Enerfo has been sourcing agri-commodities since 2011, buying agri-commodities from origination countries (eg, US, Argentina) to Southeast Asia. 

By working closely with its suppliers, the Group aims to enhance the traceability and integrity of the commodities it sources, ultimately delivering greater value to its customers and stakeholders. This inaugural sustainable trade finance facility empowers FKS FA to advance its ESG objectives. By fostering a deeper understanding and integration of ESG principles among its suppliers, FKS FA reinforces its dedication to making a positive impact on the environment and society.