Tuesday , August 20 2019
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Starbucks buys coffee

Summary:
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

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Some companies are struggling to adjust to the new world of green finance. But for Starbucks,...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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