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 .
Starbucks has launched a $1bn “Sustainability Bond” to support ethical coffee farming within the company’s supply chain. It will also fund 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 issuances, in 2016 and 2017. The bond, the transaction for which was managed by Morgan Stanley, will also support investment in more environmentally friendly cups and packaging at Starbucks stores.