Question

    Which financial institution recently launched the first sustainability-linked payables finance program in Asia for BASF in China?

    A HSBC Correct Answer Incorrect Answer
    B Barclays Correct Answer Incorrect Answer
    C Citibank Correct Answer Incorrect Answer
    D Deutsche Bank AG Correct Answer Incorrect Answer
    E Standard Chartered Bank Correct Answer Incorrect Answer

    Solution

    Deutsche Bank AG pioneered the introduction of BASF's first sustainability-linked payables finance program in Asia, focusing on BASF’s operations in China. This innovative financial mechanism is designed to incentivize suppliers towards sustainable practices, showcasing a commitment to environmental stewardship within the financial sector.

    Practice Next