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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Plastic Fishing expands thanks to Starbucks 5p coffee cup charge

From today all UK Starbucks customers who get their coffee in a disposable cup will be charged 5p, which will be donated to Hubbub. Customers who take a reusable cup will avoid the charge and will also be given a 25p discount, making a total saving of 30p. Starbucks has taken this bold decision following an initial trial in 35 stores which saw an increase in the sale of hot drinks in reusable cups from 2.2% to 5.8%. The nationwide expansion will give a nudge away from disposable cups and…

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Stand Earth Campaign challenges others to join Starbucks in addressing climate, forest impacts of unrecyclable coffee cups

A week after Starbucks committed to bring a fully recyclable and compostable paper cup to market in three years, Stand.earth announces the next phase of its ongoing #BetterCup campaign. In letters to the CEOs of several companies — including McDonald’s, Dunkin’ Donuts, Tim Hortons, Costa Coffee, Caribou Coffee and Peet’s Coffee — the environmental organization is calling on the coffee retailers to commit within 90 days to “meet or beat” Starbucks’ efforts to reduce the “to-go” coffee industry’s impact on our forests and climate. “After two years of powerful dissonance…

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