27 Jun '15, 6pm

#Starbucks commits $50M for Global Farmer Loan program #coffee

SEATTLE, June 22, 2015 – Starbucks Coffee Company (Nasdaq: SBUX) today announced an additional commitment of $30 million as part of its Global Farmer Fund program, one aspect of the company’s comprehensive ethical sourcing initiatives that help ensure the sustainability of the specialty coffee industry. This investment is the continuation of an initial $20 million commitment made in 2008, and distributed in collaboration with leading lending organizations such as Root Capital and the Fairtrade Access Fund. To date, this financing has impacted more than 62 cooperatives in 8 countries benefitting more than 40,000 farmers. “In 2015, we have achieved a number of milestones across our ethical sourcing initiatives but we know that the work isn’t done. This new investment demonstrates how we remain steadfast in our support of farmers around the world,” said Craig Russell, executi...

Full article: https://news.starbucks.com/news/starbucks-more-than-doubl...

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Starbucks more than doubles Global Farmer Loan ...

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SEATTLE, June 22, 2015 – Starbucks Coffee Company (Nasdaq: SBUX) today announced an additional commitment of $30 million a...

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