Sainsbury’s has agreed a £200 million corporate ‘green’ loan to invest in on-going carbon reduction and sustainability projects. Whilst Green Bonds are now increasingly issued by institutions to support environmental and sustainable initiatives, this is the first time that a commercial loan has been structured to do the same.
Green Loan Framework
- Innovative Green Loan aligned with the Green Bond Principles
- Strong alignment of Sainsbury’s environmental commitments and performance with the Green Loan objectives
- Robust internal management and external reporting of the project allocation
- 3rd party verification and public disclosure of project impacts
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