@burberry’s finances are going a deeper shade of green with a new sustainability-linked loan coordinated by @lloydsbankinggroup.
The 300 million pounds loan is linked to Burberry’s ambition to be climate positive by 2040, and comes less than 18 months after the company issued a sustainability bond.
Burberry described the new loan as a revolving credit facility linked to the achievement of ESG targets, such as accelerating emissions reductions across its extended supply chain 46% by 2030 and becoming net zero by 2040, 10 years ahead of the 1.5-degree Centigrade pathway set out in the Paris Agreement.
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Report: Samantha Conti
The 300 million pounds loan is linked to Burberry’s ambition to be climate positive by 2040, and comes less than 18 months after the company issued a sustainability bond.
Burberry described the new loan as a revolving credit facility linked to the achievement of ESG targets, such as accelerating emissions reductions across its extended supply chain 46% by 2030 and becoming net zero by 2040, 10 years ahead of the 1.5-degree Centigrade pathway set out in the Paris Agreement.
Tap the link in bio for more.
Report: Samantha Conti
