Woolworths and Investec sign R1 billion sustainability-linked loan

crdb bank

Our role

Investec has partnered with Woolworths Holdings Limited (WHL) to successfully conclude a sustainability-linked working capital facility to the value of R1 billion.

Sustainability-linked loans reward responsible companies who achieve their sustainability goals, with access to credit at reduced interest rates. 

Woolworths will use the Investec loan for general corporate purposes. 

“At Woolworths we view sustainability as a business imperative and the loan agreement with Investec is aligned to our vision to be one of the world’s most responsible retailers.As part of our Good Business Journey, we have committed to making a meaningful difference to all our stakeholders and the planet,” says Feroz Koor, head of Sustainability at Woolworths.

“Investec shares Woolworths’ commitment to a sustainable future, and through this sustainability-linked loan facility, we are proud to travel this journey with Woolworths,” says Andrew Moffat, co-head of Investment Banking SA. 

About Woolworths

JSE-listed Woolworths is a leading retailer operating in two divisions, namely Woolworths South Africa (Woolworths or WSA) based in South Africa and operating across another 10 countries in sub-Saharan Africa, and Country Road Group (Country Road Group or CRG), based in Australia and trading in Australia, New Zealand and South Africa.

 
Disclaimer

For full disclosure and disclaimers, click here