Proceeds from the Bond will be used to support ethical coffee farming in its supply chain and green energy measures at 10,000 of its global stores Starbucks has issued a new $1bn 'Sustainability Bond' aimed at supporting the development of ethically sourced coffee and farming R&D in its supply chain, and underpinning plans to boost energy efficiency,...
Starbucks has launched a $ 5000 “ Sustainability Bond ” to support ethical coffee farming within the company ’s supply chain . It will also support water and energy efficiency , waste reduction and renewables use at 10,000 of its stores . The latest sustainability bond , which was oversubscribed , is larger than the company ’s two previous green bonds , in 2016 and 2017 . The bond , the investment for which was led by Morgan Stanley , will also support investment in more environmentally friendly cups and packaging at Starbucks stores .