Starbucks and Mercon Coffee Group separately announced sustainability-focused lo...
FILE PHOTO: Farmers pick red coffee berries at Yosef Lema’s farm at Shebedino district in Sidama, Ethiopia November 29, 2018. Picture taken November 29, 2018. REUTERS/Maheder Haileselassie
Starbucks announced a $1 billion sustainability bond, its third such bond but largest to date, proceeds of which will go to supporting the purchase of ethically sourced coffee, farmer support programs, and the building of greener retail stores. Netherlands-based Mercon announced a $450 million sustainability-linked senior secured revolving credit facility, led by Rabobank, which will specifically fund initiatives related to sustainability, such as programs through which Mercon will help offer technical assistance to farmers.
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