UK retailers have cancelled £7.1bn in contracts across the last 12 months with suppliers that don’t meet stringent ethical and sustainable standards, new research reveals. The report out today from Barclays Corporate Banking – Reshaping retail: how ethics and sustainability are changing retail’s ecosystem – shows that the pandemic and an increasing focus on Environment, Sustainability and Governance (ESG) are shifting business priorities. In a study of more than 300 retail decision makers, the majority (51%) say sustainability is more important now than it was two years ago and 49%…
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Barclays backs sustainability with new Green Trade Loans
Barclays Corporate Banking has launched a new Green Trade Loans product, designed to help meet clients’ working capital needs when pursuing sustainable activities. The move follows the bank’s decision late last year to develop a suite of products aimed at boosting investment in green projects, with Green Trade Loans focused on tackling funding challenges related specifically to trade and working capital financing. Accessing the right funding options can be crucial for businesses who are attempting to reduce their environmental impact alongside their day to day business activities. The new Barclays…
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