The European Bank for Reconstruction and Development (EBRD) has taken a significant step in promoting sustainability in Mongolia by issuing its first sustainability-linked loan in the country. The loan, extended to MCS Coca-Cola, a prominent producer, bottler, and distributor of soft drinks in Mongolia, aims to tackle industrial and environmental challenges, setting a new benchmark for sustainability in Mongolian businesses.
This long-term loan, amounting to up to US$ 51.7 million (€47.7 million), will assist MCS Coca-Cola in modernizing its operations. The company plans to install a state-of-the-art aseptic bottling line, upgrade water bottling systems, and enhance packaging equipment. Additionally, the funds will support green investments, including expanding its fleet of electric distribution trucks, acquiring electric forklifts, constructing an energy-efficient garage, and installing rooftop solar panels.
The project is backed by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC), funded by the Global Environment Facility Trust Fund, and grant support from the Japan-EBRD Cooperation Fund.
Post-completion, MCS Coca-Cola aims to significantly improve plastic packaging recycling and water usage efficiency, targeting at least 51% recycled PET materials in its packaging and a 100% plastic waste collection rate by 2030.
To date, the EBRD has invested €2.41 billion in Mongolia across 147 projects, with nearly 90% of the funds supporting private-sector companies.
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