Co-op raises £300m ‘Fairtrade’ bond to drive sustainability
The Co-operative Group has raised a £300m ‘sustainability bond’ in a bid to get more Fairtrade products in its shops.
The Co-op has raised £300m from a bond issue with plans to inject the cash into a new Fairtrade initiative which helps give farmers and their workers a better deal.
The sustainability bond will be used to cover the cost of getting more coffee, tea, wine, bananas and other Fairtrade products onto its shelves.
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