SA’s largest retailer finalises sustainability-linked loans linked to its green push
Shoprite has borrowed R2.8bn for operational and business purposes, with the interest rates linked to sustainability targets such as increasing recycling and reusable packaging, as well as cutting power and water use.
The country’s largest retailer also took out a R700m green loan from RMB, specifically for the rollout of energy-saving LED light bulbs in all its stores...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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