As a large retailer, we can play a key role in decarbonising the wider economy through engaging our suppliers and customers in the transition." Anne Marie Verstraeten, UK Country Head, BNP Paribas which acted as sole Co-ordinator and Sustainability Co-ordinator for the Facility, noted: "The ambitious science based targets embedded into Tesco's sustainability linked loan demonstrate how sustainable finance can be an accelerator for the progressive decarbonisation of a business. For UK corporates to shift to a net zero pathway requires collaboration and innovation across multiple sectors – including from banks such as BNP Paribas – and through mobilising our expertise across industries, we can transition together towards a low carbon economy." The three year facility is the first day one Risk Free Rate (RFR) syndicated loan facility in the UK.