Kingfisher said a recently signed £550 million revolving credit facility had been linked to “ambitious sustainability targets”. The company will be charged less for its loan if it meets targets from its responsible business plan. Kingfisher has updated its climate change targets to reduce emissions by 2026 in a way that will not contribute to more than 1.5C global warming. The climate ambitions include so-called scope one and two emissions, such as the petrol Kingfisher uses and the emissions from the electricity its shops run on. “This revolving credit facility shows our commitment to integrate our responsible business principles into all aspects of our business,” said chief financial officer Bernard Bot.

Source: Irish Independent June 02, 2021 07:43 UTC