Green Stores
Starbucks Backs Its Sustainability Goals With a $1B Bond offering
Seattle coffee retailer will use the funds to build green stores and to support coffee farmers around the world
Starbucks has completed its third and largest Sustainability Bond offering, raising $1 billion to propel its greener-retail and ethical coffee-sourcing initiatives. Among the uses for the bond proceeds is a $20 million equity investment in a lending group called responsAbility Investments Ag. The partnership with the lender is designed to further expand the impact of…