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.
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.
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.