Some companies are struggling to adjust to the new world of green finance. But for Starbucks, it's a natural fit.The Seattle-based firm says it is “working to make coffee the world’s first sustainable agricultural product”. Its former chief executive and now-presidential-hopeful Howard Schultz championed the cause of sustainability for many years.So it comes as no surprise that Starbucks is one of the most prominent American examples of a growing worldwide movement that sees corporations issue debt to fund environmentally friendly or socially worthy causes.This week, Starbucks borrowed bn through its largest ever sustainable bond. It has raised around .3bn through two previous such bonds, the first of which came in 2016, and the second of which was launched in Japan in 2017. The latest
FT Alphaville considers the following as important:
This could be interesting, too:
Tyler Cowen writes The new Ben Horowitz management book
Tyler Cowen writes Saturday assorted links
Tyler Cowen writes Chernobyl model this
Some companies are struggling to adjust to the new world of green finance. But for Starbucks,...