imported>Doug Williamson |
imported>Doug Williamson |
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| ''Sustainability - environmental policy - greenhouse gas emissions.''
| | The semi-annual rate is the simple annual interest quotation for compounding twice a year. |
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| Scope 1 emissions are an organisation's direct greenhouse gas emissions.
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| Scope 1 emissions include the organisation's direct emissions from its fuel combustion and company vehicles.
| | For example if the semi-annual rate is quoted as 4%, then the periodic interest accruing is: |
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| ''(Source - Greenhouse Gas Protocol)''
| | = 4% x 6/12 |
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| | = 2% per six month period. |
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| :<span style="color:#4B0082">'''''Novel 'reward or punish' RCF reflects Scope 1 & Scope 2 emissions'''''</span>
| | A semi-annual rate is an example of a nominal annual rate. |
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| :"In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism.
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| :Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail:
| | The semi-annual rate is not to be confused with the <i>periodic</i> rate per 6 months, which in this case is 2%. |
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| :'''1. Food waste reduction''' Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3;
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| :'''2. Carbon emissions reduction''' As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and
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| :'''3. Promotion of healthier eating''' As measured by a set percentage of own-brand food sales from healthy products."
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| :''ACT Deals of the Year Awards 2020 - Ahold Delhaize'' | | Nor should it be confused with the related <i>annual effective</i> rate, which in this case would be: |
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| | = 1.02<sup>2</sup> - 1 |
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| == See also == | | = 4.04%. |
| * [[Carbon credits]]
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| * [[Carbon footprint]]
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| * [[Carbon-neutral]]
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| * [[Carbon tax]]
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| * [[CO2]]
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| * [[Corporate social responsibility]]
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| * [[CRC Energy Efficiency Scheme]]
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| * [[Emissions]]
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| * [[Environmental concerns]]
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| * [[Environmental profit and loss]]
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| * [[Footprint]]
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| * [[Greenhouse gas]]
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| * [[Key performance indicator]]
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| * [[Montreal Pledge]]
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| * [[Renewables]]
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| * [[Revolving credit facility]]
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| * [[Science Based Targets initiative]]
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| * [[Scope 2 emissions]]
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| * [[Scope 3 emissions]]
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| * [[Sustainable Development Goals]]
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| * [[Zero emissions]]
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| ==External link== | | == See also == |
| * [https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf Greenhouse Gas Protocol] | | * [[Annual effective rate]] |
| | * [[CertFMM]] |
| | * [[Nominal annual rate]] |
| | * [[Semi-annual basis]] |
| | * [[Periodic rate of interest]] |
| | * [[Periodic yield]] |
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]] | | [[Category:Long_term_funding]] |
| [[Category:Compliance_and_audit]]
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| [[Category:Ethics]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]] | | [[Category:Manage_risks]] |
| [[Category:Risk_frameworks]] | | [[Category:Cash_management]] |
| [[Category:Risk_reporting]]
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The semi-annual rate is the simple annual interest quotation for compounding twice a year.
For example if the semi-annual rate is quoted as 4%, then the periodic interest accruing is:
= 4% x 6/12
= 2% per six month period.
A semi-annual rate is an example of a nominal annual rate.
The semi-annual rate is not to be confused with the periodic rate per 6 months, which in this case is 2%.
Nor should it be confused with the related annual effective rate, which in this case would be:
= 1.022 - 1
= 4.04%.
See also
