“The Group’s recent sustainability-linked facility is another demonstration of our drive to reduce our environmental footprint and protect the natural ecosystems where we source the ingredients that make our iconic brands.”ĬBD consumer goods player Cellular Goods has lost £1.8m in the first half as it cuts overheads following the failure of its merger with Cannaray Brands. Vanessa Wright, chief sustainability officer, commented: “As part of our sustainability and responsibility roadmap ‘Good Times from a Good Place’, we’re committed to preserving the world’s natural resources by reducing carbon emissions, water consumption and waste throughout our value chain. Crédit Agricole CIB acted as ESG co-ordinator. It has an initial April 2028 maturity and includes two one-year extension options.įor this transaction, BNP Paribas acted as co-ordinator and documentation agent. The new credit facility has been committed to by 22 banks. The group has previously launched two sustainability-linked bond issues in 2022, linked to these same key performance indicators. Pernod said the transaction is illustrative of its “commitment to integrate sustainability into its daily operations and financing strategy”. The loan will be linked to two sustainability commitments: a reduction in absolute greenhouse gas emissions (Scopes 1 and 2) on operated sites, and a reduction of water consumption per unit produced at its distilleries. The loan, the first sustainability-linked financing the company has taken out, refinances an existing facility expiring in June 2024. Pernod Ricard will use the funds to reduce greenhouse gas emissions and water consumptionĭrinks giant Pernod Ricard has agreed a €2.1bn sustainability loan linked to emissions and water consumption.
Lumina Intelligence: UK Food & Drink Reports.
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