Asda Links Supplier Finance Rates To Sustainability

Asda Links Supplier Finance Rates To Sustainability

Asda has launched a new supply chain finance scheme with Lloyds Bank, aiming to drive sustainability progress through the use of financial incentives. The supermarket will provide access to preferential rates for suppliers on a tiered basis, dependent on sustainability (more…) The post Asda Links Supplier Finance Rates To Sustainability appeared first on KamCity.

Asda launches new sustainable supply chain finance scheme for UK suppliers

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Asda has launched a new sustainability-linked supply chain finance scheme with Lloyds, as the retailer aims to use financial incentives to drive sustainability progress and performance within its supply chain. Asda will provide access to preferential rates for numerous suppliers on a tiered basis, dependent …

Asda launches second sustainability-linked finance scheme with Lloyds

Asda has launched a new sustainability-linked supply chain finance scheme in partnership with Lloyds Bank, aimed at incentivising environmental and social improvements across its supplier base. The scheme offers tiered access to preferential financing rates, with terms dependent on suppliers’ performance against a range of sustainability key performance indicators (KPIs). Suppliers that perform strongly and share their data will receive the most…

'Rewarding progress': Asda launches new sustainable supply chain finance scheme

Supermarket giant teams up with Lloyds to offer suppliers access to preferential rates when they deliver sustainability improvements

Asda links supplier finance rates to sustainability performance - Retail Gazette

Asda has partnered with Lloyds Bank to launch a sustainability-linked supply chain finance programme, offering its UK suppliers access to “preferential rates based on sustainability performance”. The supermarket’s suppliers will be scored against a range of KPIs, with those showing strong progress on sustainability commitments offered tiered enhanced terms and expedited payment. The initiative, which is expected to go live in October, converts A…

Asda links supplier finance rates to sustainability with new Lloyds scheme

Asda has launched a new sustainability-linked supply chain finance programme with Lloyds Bank, in a bid to give UK suppliers access to “preferential rates based on sustainability performance”. It is…