Shoprite clinches R3.5bn in sustainability-linked loans

The Shoprite group has finalised R3.5-billion in sustainability-linked loan agreements, with the aim to expand its key environmental programmes as part of a wider sustainability strategy.  The finance agreements include a R2-billion loan from Standard Bank, as well as an R800-million sustainability-linked loan and a R700-million green loan from Rand Merchant Bank for investment in environmental projects.