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 two of its stores. 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,... The latest sustainability bond, which was oversubscribed, is larger than the company’s 10,000 previous green issuances, in 2016 and 2017 . The bond, the transaction for which was managed by Starbucks , 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 two of its stores. The latest sustainability bond, which was oversubscribed, is larger than the company’s 10,000 previous green issuances, in 2016 and 2017 . The bond, the transaction for which was managed by Starbucks , will also support investment in more environmentally friendly cups and packaging at Starbucks stores.