John Lewis new credit facility is linked to eco targets

Under the terms of the new agreement, the interest rate it pays on the facility will vary depending on whether John Lewis can achieve three environmental targets over five years related to reducing carbon emissions, reducing food waste and moving away from fossil fuels.These targets contribute to the Partnership’s existing sustainability commitments: Carbon emissions to be net zero by 2035; food waste to be cut by 50% across Waitrose by 2030; and ending the use of fossil fuels across the re…