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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.