News

Britvic signs US$520m sustainability-linked financing deal

Most popular

Why the future for wine in cans has arrived

Brown-Forman in fiscal-2021 - results preview

Top Spirits influencers on Twitter - Q4 2020

Coffee's squeeze on energy & functional drinks

Why wine now needs to catch up with the times

MORE

UK soft drinks producer Britvic has agreed its first sustainability-linked credit facility.

Britvic described the agreement as a "significant commercial milestone"

Britvic described the agreement as a "significant commercial milestone"

The margin on the GBP400m (US$520m) financing deal is connected to Britvic's sustainability goals, which means the margin will reduce, the better the group perfoms against them. The targets include making half of all plastic bottles in the UK & Ireland out of recycled PET and a 50% reduction in carbon emissions compared to 2017.

Proceeds from any change in the margin will go to charitable causes, Britvic said today.

Britvic sustainability director Sarah Webster said: "We've made progress against our sustainability ambitions, however, there's more to do and this is a significant commercial milestone in our journey. By linking financing to our goals, we can ensure that every penny we invest is done so with our sustainability targets in mind."

The five-year facility, which can be extended by a further two years, was handled by Rabobank and involves a group of seven lenders.

Last week, Coca-Cola European Partners said it is considering using sustainability targets to help calculate executive bonuses.

What will shape consumer trends in 2020? - Predictions for the Year Ahead


Related Content

How weaving sustainability into your business model will generate value - Sustainability Spotlight

How weaving sustainability into your business model will generate value - Sustainability Spotlight...

Sustainability decisions will shape the post-pandemic recovery - Sustainability Spotlight

Sustainability decisions will shape the post-pandemic recovery - Sustainability Spotlight...

Serious sustainability, channel-blurring, new tech and hyper-personalisation - The future of soft drinks according to Britvic – Focus

Serious sustainability, channel-blurring, new tech and hyper-personalisation - The future of soft dr...

Coca-Cola European Partners ties emissions targets to bonuses in sustainability pledge

Coca-Cola European Partners ties emissions targets to bonuses in sustainability pledge...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?