John Lewis Partnership inks £420m financing deal tied to sustainability targets

John Lewis

John Lewis Partnership has agreed to a new, five-year revolving credit facility in which the interest rate is linked to environmental ambitions.

The £420m facility replaces an existing £500m arrangement due to expire at the end of 2022 and interest paid depends upon meeting three targets over the five-year period to reduce carbon emissions and food waste, and moving away from fossil fuels.

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