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May 15, 2019

Starbucks to support Greener Retail initiative with $1bn bond

Global coffee chain Starbucks has issued a $1bn sustainability bond to support its Greener Retail initiative and ethical coffee sourcing.

Global coffee chain Starbucks has issued a $1bn sustainability bond to support its Greener Retail initiative and ethical coffee sourcing.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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The company will use the bond to fund its Greener Retail initiative to design, build and operate 10,000 stores globally by 2025.

Starbucks chief financial officer Patrick Grismer said: “We are very pleased to see that our new Sustainability Bond attracted significant investor interest and was oversubscribed.

“The bond demonstrates Starbucks commitment to meaningful, continual progress toward our aspiration of sustainable coffee, served sustainably. It also illustrates a trend toward heavier interest from investors in our socially and environmentally focused projects – in this case supporting coffee farmers and leading in green retail.”

“The bond demonstrates Starbucks commitment to meaningful, continual progress toward our aspiration of sustainable coffee, served sustainably.”

Announced in September last year, the Greener Retail initiative was developed in collaboration with World Wildlife Fund and SCS Global Services.

The stores will focus on energy efficiency, renewable energy, water stewardship, waste reduction and more to contribute to the company’s sustainability goals. The performance-based standards also power the company’s stores in the US and Canada with 100% renewable energy.

Starbucks CEO Kevin Johnson said that SCS Global Services and World Wildlife Fund will focus on developing the Greener Stores framework this year.

The company will also use the bond to fund support investments in greener cups and packaging in a bid to reduce its environmental footprint.

For this initiative, it will focus on introducing strawless lids globally, as well as exploring next generation of recyclable and/or compostable cups.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.