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Standard Bank has partnered with Woolworths Holdings Limited to successfully execute the first sustainability-linked transactional deposit structure in South Africa. The transactional deposit structure links the interest Woolworths earns on their deposits to the achievement of Environmental, Social and Governance (ESG) targets. The KPIs and sustainability performance targets (SPTs) agreed between Woolworths and Standard Bank, […]
...Standard Bank has partnered with Woolworths Holdings Limited to successfully conclude the first sustainability-linked working capital facility in South Africa to the value of R600 million. This partnership is testament to Woolworths’ commitment to achieving bold sustainability targets and realising its vision to be one of the world’s most responsible retailers. This working capital’s facility […]
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