Tesco renews £2.5bn committed facility establishing link to sustainability targets

Tesco has announced that it has established a £2.5bn revolving credit facility, replacing Tesco’s existing £3bn committed facilities. The facility uses Risk Free Rates and interest is linked to the achievement of three ambitious environmental targets. Under the terms of the agreement, Tesco will benefit from a lower interest rate loan margin if the company delivers environmental targets, aligned with three existing KPIs included in its Little Helps Plan sustainability strategy: Emissions: % reduction of Scope 1 and Scope 2 CO2e emissions Renewable Energy: % renewable electricity sourced from on-site…

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L’Oréal unveils its next generation of bold sustainability targets for 2030

L’Oréal has launched its new sustainability program “L’Oréal for the future”, laying down the Group’s latest set of ambitions for 2030. In the context of growing environmental and social challenges, L’Oréal is accelerating its transformation towards a model respecting planetary boundaries and reinforcing its commitments to both sustainability and inclusion: Transforming L’Oréal’s business to respect the planet’s limits: o  By 2025, all of L’Oréal’s sites will have achieved carbon neutrality by improving energy efficiency and using 100% renewable energy; o  By 2030, 100% of the plastics used in L’Oréal’s products’…

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