Day: 20 March 2022

Tesco launches sustainability-linked bond of £400m

Stuart Mitchell

Tesco has launched its second sustainability-linked bond linked to the Company’s commitment to reduce greenhouse gas emissions. Tesco was the first business globally to set a zero-carbon goal in 2009 and later the first FTSE 100 Company to set science-based carbon reduction targets on a 1.5-degree trajectory. The launch of a second sustainability-linked bond further demonstrates the strength of our commitment to reduce our impact on the environment by reaching our target of reducing GHG emissions by 60% by 2025 (against a 2015/16 baseline). The sterling bond has a coupon…

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WFA calls on brands to reconsider media spend in Russia

Stuart Mitchell

WFA expresses its horror at the needless human suffering caused by Russia’s unprovoked invasion of Ukraine. The thoughts of the entire organisation and our membership are with the victims. Many of our members have businesses in both countries and are rightly prioritising the safety and wellbeing of their people. WFA has conducted a poll amongst its members to understand multinationals’ responses in relation to their media and marketing investment in Russia. Of the 31 global brand owners representing $43bn in global ad spend who responded, three in four have reallocated,…

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‘People Make Glasgow’ Creators Believe Design Can Help City With Homelessness And Sustainability

Stuart Mitchell

THE award-winning creative studio behind the iconic ‘People Make Glasgow’ brand is now putting its skills towards tackling two of the biggest issues facing the city – homelessness and sustainability.  Tangent has been recruited by Sustainable Glasgow, a partnership formed by leading organisations from the commercial, academic and charity sectors, alongside local government, to create a brand that showcases Glasgow’s ambitions to become the UK’s first carbon neutral city by 2030.  Meanwhile, the firm is working with the Alliance to End Homelessness in its bid to eradicate rough sleeping in…

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Latest annual impact report shows mainstream social investment fund supporting the Covid-19 recovery

Stuart Mitchell

The Big Issue Group has released the seventh Annual Impact Report for the Threadneedle UK Social Bond Fund, as part of the fund’s disclosure to investors. The report assesses the degree to which the investment strategy’s impact objective to support more inclusive and sustainable development in the UK[1] has been achieved. Launched in 2014 as the UK’s first mainstream, fixed income social investment offering, the fund is a partnership between global asset management firm Columbia Threadneedle Investments and The Big Issue Group, who acts as the social advisor to the…

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Currensea appoints new Head of Charity and Corporate Partnerships to grow ‘powered by’ programme allowing charities to issue branded cards to drive donations

Stuart Mitchell

Currensea, which has created a money-saving debit card linked to existing bank accounts, has created a new Head of Charity and Corporate Partnerships role to develop its ‘powered by’ offering for charities and corporate partners. Rory Maclean has joined Currensea from Givergy, an award-winning fundraising platform, where he was Head of Sales and responsible for helping hundreds of charities and corporates maximise their fundraising at events and online. Prior to this, Rory was also Business Development Manager at Givergy, a former winner of the Institute of Fundraising’s Best Digital /…

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