DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Greencore Secures £300m ‘Green’ Refinancing Facility

By Dayeeta Das
Share this article
Greencore Secures £300m ‘Green’ Refinancing Facility

Convenience foods group Greencore has announced a new corporate sustainable revolving credit facility worth £300 million (€342.5 million).

The facility, which is a first of its kind in Ireland, has been secured in association with the company's banking partners.

Sustainability KPIs

Greencore’s sustainability KPIs are built into the terms of the credit facility, the company said.

It includes the commitment to reduce food waste as a percentage of total production, cut water and energy consumption, meet targets on sending zero waste to landfills, and decrease greenhouse gas emissions.

Partnerships And Investments

The food group has consistently invested and developed partnerships with regulatory and independent organisations to help improve its sustainability measures.

ADVERTISEMENT

It also works with national and local charities to distribute surplus food to the needy.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.