Investing in sustainability: Starbucks, Calvert support Fair Trade.(Calvert Foundation )

Pensions & Investments, July, 2005

Byline: Christine Williamson ***** Correction: Starbucks Coffee Co. made a $1 million capital investment in the Calvert Foundation in the spring of 2004 at a 2% interest rate. The capital and accumulated interest will be returned to Starbucks in 2008. An article in the July 11 issue incorrectly described the investment.

***** Fair trade, sustainability and recycling - of money, that is - are the cornerstones of an innovative partnership between Starbucks Coffee Co., Seattle, and the Calvert Foundation, Bethesda, Md. Starbucks made a $1 million donation to the Calvert Foundation in the spring of 2004 to support small Latin American coffee farmers through loans. Calvert lent the money to coffee cooperatives in Costa Rica, Mexico and Nicaragua and to...

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