The announcement comes as the well-being provider announces a total $1.76 billion in total community and social value for FY2023, a 7.6% increase over the previous financial year.
Australian Unity has executed the loan with Westpac, and Australian Unity will receive a lower interest rate if it delivers on wellbeing outcomes as measured by the CSV Framework.
The terms of the three-year loan will see Australian Unity receive a discount of up to 8 basis points per year if they meet the terms of the SLL. Alternatively, if they do not meet the terms of the deal, the wellbeing provider could pay a penalty, said Australian Unity group treasurer and general manager of strategy and impact Adam Vise.
Read more at FS Sustainability.
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