Tag: Britvic

Britvic announces first sustainability-linked financing deal

Stuart Mitchell

Britvic has agreed its first sustainability-linked credit facility, allowing it to borrow up to £400 million over the next five years whilst linking the margin of the facility to its sustainability goals. The five-year facility, which can be extended by a further two years, was co-ordinated by Rabobank and has been provided by a group of seven lenders. The facility is linked to the progress Britvic makes against three sustainability targets. The better Britvic performs against these targets, the further the margin will reduce. Britvic has committed to reaching these…

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Companies join forces to help tackle plastic waste with BP’s enhanced recycling technology

Stuart Mitchell

Leading companies operating across the polyester packaging value chain – including businesses involved in the manufacture, use, collection and recycling of polyethylene terephthalate (PET) plastic packaging – today announced they have formed a new consortium that aims to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology. BP Infinia is designed to turn opaque and difficult-to-recycle (known as ODR) PET plastic waste, that can degrade in quality each time it is recycled using conventional methods, into recycled feedstocks that can be…

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Britvic announces ambitious science-based carbon targets

Stuart Mitchell

As world leaders meet for the UN Climate Change Conference in Madrid (COP25), Britvic has  announced new carbon emissions reduction targets to help tackle climate change. Britvic’s new targets have been independently verified by the Science Based Target initiatives (SBTi), showing that they are in line with what the latest climate science says is needed to prevent a global temperature rise of 1.5°C and the worst impacts of climate change. This announcement makes Britvic the first UK soft drinks company to have an approved 1.5°C target. With the support of…

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Britvic moves to 100% renewable electricity in new deal with E.ON

Stuart Mitchell

Britvic is pleased to announce that from October 2018, every Britvic manufacturing site in GB, from its offices to warehouses and factories, will be powered by 100% renewable electricity. The move forms part of a new four-year deal with energy provider E.ON, which will provide power needs for the whole of Britvic’s business operations in Great Britain, including 100% wind generated electricity, sourced from the UK. Britvic’s decision to move to 100% renewable electricity is driven by its ambition to minimise the environmental impact of its operations. The switch to…

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