Ahold Delhaize Secures New Credit Line Linked to Sustainability Goals

Read the full story at Winsight Grocery Business.

Ahold Delhaize said it has secured a new revolving credit facility linked to its sustainability goals, including food waste reduction, carbon reduction and promotion of healthier eating.

The Dutch company called the new 1 billion euro credit line (about $1.2 billion U.S.) an important milestone that highlights how the global retailer is reinforcing the alignment of its funding strategy and its commitments laid out in its Healthy & Sustainable ambition.

Ahold Delhaize last year issued what it called the retail industry’s first Sustainability Bond, with the money raised earmarked to finance new or existing environmentally friendly projects, including a rooftop farm project and procurement of sustainably produced products such as coffee, tea, cocoa and seafood.

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