Opening Hours: Mon-Fri 08:30 - 17:00

Email Us: info@iuenergy.co.uk | Call Us On: 01752 26 26 26

News

Starbucks issues $1bn sustainability bond

Starbucks issues $1bn sustainability bond

Starbucks has announced the issuance of a new $1 billion (£0.78bn) sustainability bond to support its ethical coffee sourcing and Greener Retail initiative.

The sustainability bond will help fund the company’s commitments, which include designing, building and operating 10,000 greener stores globally by 2025 as well as energy efficiencyrenewable energy, water and waste reduction projects.

The funds will also support investments in greener cups and packaging with projects such as the rollout of strawless lids and identifying the next generation of recyclable and compostable cups.

In addition, Starbucks will buy coffee that is verified by Coffee and Farmer Equity Practices and provide new and refinanced loans to coffee farmers.

Patrick Grismer, CFO of Starbucks said: “We are very pleased to see that our new Sustainability Bond attracted significant investor interest and was oversubscribed.

“The sustainability bond demonstrates Starbucks commitment to meaningful, continual progress toward our aspiration of sustainable coffee, served sustainably. It also illustrates a trend toward heavier interest from investors in our socially and environmentally focused projects – in this case supporting coffee farmers and leading in green retail.”

Original article here. Further information on overcoming your own business energy challenges 
here.

To discuss your own business energy challenges, including commercial electric vehicle charging, talk to us now on 01752 26 26 26 or email info@iuenergy.co.uk.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Want to cut your energy costs or your energy usage?

Start your journey to energy efficiency with IU Energy, the UK’s top energy consultancy.

How much energy is your business currently wasting?

IU Energy is a multi-award-winning business, providing comprehensive energy management services to its B2B clients, including energy reduction solutions, renewables and independent energy procurement.

Contact

© Copyright IU Energy

Web Design by Konstruct Studios Ltd