Starbucks issues sustainability bonds to improve coffee supply chain

cips | May 18, 2016

Starbucks issues sustainability bonds to improve coffee supply chain
Cash raised from the 10-year bonds, the first sustainability bonds in the US, will be used on projects including the verification of coffee suppliers through a third-party auditor to ensure compliance with Starbucks’ Coffee and Farmer Equity (C.A.F.E.) ethical sourcing verification programme. C.A.F.E. covers areas including pay, working conditions and environmental issues.Farmer support centres in coffee growing regions will also be established and loans will be made available through Starbucks Global Farmer Fund.“Coffee is at the core of our business and we intend to continue to finance initiatives that will make a positive social and environmental impact in our coffee supply chain as well as other areas across our business,” said Scott Maw, chief financial officer at Starbucks.

Spotlight

we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. We listed the first 7. As with most trends we all have read over the last few years, the focus was on technology. We also took the liberty of making sure we put a focus on efficient sound process in place before new technology is applied. In that continued theme, today we will again talk about technology but will also include some trends that require a fundamental mindset as well as a holistic mindset when it comes to effective supply chain management now in 2016

Spotlight

we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. We listed the first 7. As with most trends we all have read over the last few years, the focus was on technology. We also took the liberty of making sure we put a focus on efficient sound process in place before new technology is applied. In that continued theme, today we will again talk about technology but will also include some trends that require a fundamental mindset as well as a holistic mindset when it comes to effective supply chain management now in 2016

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