Tesco to launch sustainability linked finance scheme for suppliers Tesco is set to become the first UK retailer to offer its supply base sustainability-linked supply chain finance, in a move it hopes will encourage more suppliers to sign up to science-based emissions reduction targets.
The supermarket giant will provide preferential financing rates for suppliers that address their environmental impacts, under a new initiative that is supported by Anthesis, KPMG and Santander.
The voluntary program, which has been in development for 18 months, is due to launch in September.
Suppliers enrolled in the program will provide annual greenhouse gas emissions data which will be verified by sustainability consultants Anthesis. KPMG will carry out assurance of the initiative.
Nutreco sets out bold new sustainability strategy Nutreco looks to accelerate action to slash greenhouse gas (GHG) emissions, address climate change and decouple the business from deforestation risk in its new sustainability strategy.
This five-year strategy, called RoadMap 2025, includes Nutreco s pledges under the
Science Based Target Initiative (SBTi), which commits to review, accept, and publish the group’s reduction targets in Q1 2021.
The company said it embraces the objective of the Paris Agreement, to limit global temperature rises to well below 2°C and aims to contribute to the UN Sustainable Development Goals (SDGs).
The new
RoadMap 2025 sets out renewed and measurable targets, including efforts to reduce antimicrobial resistance (AMR) and an overall reduction of the company’s carbon footprint. It also establishes broader corporate citizenship goals, including moving the dial on diversity by ensuring a quarter of its