Woolworths in Australia has become the world’s first retailer to issue green bonds, as part of its goal to improve its environmental credentials. The bonds are certified by the London-based Climate Bonds Initiative, and the supermarket chain is looking to raise $290m (around AUD$400m) to support developments such as the installation of solar panels at its stores and distribution centres.
Woolworths in Australia has become the world’s first retailer to issue green bonds, as part of its goal to improve its environmental credentials. The bonds are certified by the London-based Climate Bonds Initiative, and the supermarket chain is looking to raise around AUD$400m ($290m) to support developments such as the installation of solar panels at its stores and distribution centres.