Coffee seller Starbucks has issued a 30-year $1bn Sustainability Bond, which will be partly used to invest $20m into responsAbility Investments AG, as part of its Starbucks Global Farmer Fund that is refinancing loans to coffee farmers to replace old for new trees, buy new equipment and take other action to improve quality and productivity. Previous bonds were issued in 2016 and 2017. Over time the funds raised by the issuance are intended to ensure coffee can be bought under verified Coffee and...
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