UK grocer Asda partners with Lloyds to launch supply-chain finance scheme to drive sustainability progress among suppliers. The initiative offers competitive financing to incentivize transparency and reward sustainability efforts. EcoVadis will assess ESG performance of suppliers, with preferential rates for those meeting sustainability KPIs. Suppliers not engaging will retain current payment terms. Asda aims for net zero emissions by 2040 and collaborates with partners to achieve this goal. Lloyds supports Asda’s ESG ambitions and sustainability focus. The scheme aims to deepen support for British businesses and build resilience in the supply chain.

Read more at Yahoo Finance: Asda to incentivise suppliers to share data on sustainability