19 Jul '14, 11pm

Sainsbury's announces pioneering £200m 'green' loan to fund low-carbon investment drive

Sainsbury's announces pioneering £200m 'green' loan to fund low-carbon investment drive

Sainsbury's has today announced that it has agreed a dedicated £200m green loan to help finance its wide-ranging sustainability programmes, hailing the commercial loan as a potentially significant breakthrough for corporate emission-reduction initiatives. The supermarket giant said the new loan, which has been arranged by Lloyds and Rabobank, is the first officially classified "green" loan taken out by a British blue chip, adding that the performance of the environmental programmes financed through the loan will be independently assessed by sustainability-auditing specialist Sustainalytics. FURTHER READING DECC report reveals how renewables investment is dominating the energy market Government urges public and businesses to help meet "bees' needs" It also confirmed that the loan had been developed in line with the independent Green Bond Principles, which aim to ensure that...

Full article: http://www.businessgreen.com/bg/news/2356136/sainsburys-a...

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