EBRD Launches Mongolia’s First Sustainability-Linked Loan for MCS Coca-Cola

The European Bank for Reconstruction and Development (EBRD) announced that it is offering companies in Mongolia loans to support their efforts to tackle environmental challenges.  

It is marking the first of its contributions by offering MCS Coca-Cola the country’s first sustainability-linked loan.  

As a major domestic producer, bottler, and distributor of soft drinks, MCS Coca-Cola will set a significant sustainability standard for Mongolian businesses of all sizes and sectors. 

The EBRD is providing MCS Coca-Cola with a long-term loan of up to €47.7 million under its sustainability-linked loan framework. 

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This funding will enable MCS Coca-Cola to install a state-of-the-art aseptic bottling line and update its water bottling and packaging equipment.  

Additionally, the loan will support green initiatives, including expanding the company's fleet of electric distribution trucks, acquiring electric forklifts, building an energy-efficient garage, and installing rooftop solar panels. 

The loan benefits from backing from the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme, which focuses on advancing technology for climate change mitigation and adaptation. 

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 The Global Environment Facility Trust Fund funds this programme. Additionally, grant funding from the Japan-EBRD Cooperation Fund supports the initiative. 

Upon finishing the project, MCS Coca-Cola aims to greatly enhance its plastic packaging collection and recycling processes, as well as improve water usage efficiency.  

By 2030, the company plans to produce at least 51% of its plastic packaging from recycled PET materials and achieve a 100% plastic waste collection rate. 

So far, the EBRD has invested €2.41 billion in Mongolia through 147 projects, with nearly 90% of these funds directed towards supporting private-sector businesses.