Starbucks Rolls Out 5-cent Paper Cup Charge Across Germany

Customers across Germany will pay an additional cup charge of 5 cents for every hot drink ordered in a paper cup at Starbucks. Starbucks hopes the rollout will encourage even more customers across the country to make the switch to reusable cups. The expansion follows a successful trial at Starbucks stores in Hamburg and Berlin, where the charge has been in place since 5 November 2019. The results proved to be highly effective, over the two-month trial period, with participating stores reporting a boost in both use and sales of…

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UK Cup Fund Boosts Recycling by 35 Million Paper Cups Per Year

Starbucks and environmental charity, Hubbub, today announce the first winners of The Cup Fund – the U.K.’s largest grant fund to bolster and scale paper cup recycling. Twelve programmes have been selected to receive grants of between £50,000 and £100,000, all funded by the Starbucks 5p cup charge, to each develop long-term infrastructure. The funding is expected to have a significant impact: Cup recycling facilities will be introduced in more than 70 locations, with combined annual footfall of over 220 million 36 organisations will work collaboratively to make the schemes a success 35 million cups…

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LevelTen Energy’s Dynamic Matching Engine Enables Starbucks to Close on a Groundbreaking Three-Project Renewable Energy Portfolio

LevelTen Energy have announced the close of a three-project renewable energy portfolio purchased by Starbucks, comprising wind and solar farms in North Carolina, Oklahoma and Texas from developers ALLETE Clean Energy, Apex Clean Energy, BayWa r.e. and Cypress Creek Renewables. The portfolio, custom-built for Starbucks using LevelTen Energy’s technology-enabled procurement platform, aggregates three strategically-located power purchase agreements (PPAs), each with nearly-identical terms, from three distinct project developers. This portfolio transaction, in which a corporate buyer simultaneously procures a fraction of the power generated by multiple new projects, is unprecedented. The…

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Starbucks launches first ever airport reusable cup trial at Gatwick Airport in London

Starbucks and Hubbub are launching the first airport reusable cup trial in partnership with Gatwick Airport. The trial will offer drop off points for Starbucks reusable cups throughout the international airport’s South Terminal to help cut paper cup waste and address throw-away culture. How It Works: Starbucks customers will be offered the option of having their drink in a reusable cup when they get to the till Customers keep hold of the cup for the time they are in the airport Before boarding, cups can be returned to one of…

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Starbucks Completes Issuance of Third and Largest Sustainability Bond

Starbucks Corporation has announced that it has completed issuance of a $1 billion Sustainability Bond. It is the largest Sustainability Bond the Company has issued to date and follows two previously issued Sustainability Bonds in 2016 and 2017.  “We are very pleased to see that our new Sustainability Bond attracted significant investor interest and was oversubscribed,” said Patrick Grismer, cfo of Starbucks. “The bond demonstrates Starbucks commitment to meaningful, continual progress toward our aspiration of sustainable coffee, served sustainably. It also illustrates a trend toward heavier interest from investors in our socially…

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