Kingfisher plc announces that it has entered into a £550m three-year revolving credit facility agreement with a group of its relationship banks. The facility is linked to ambitious sustainability and community-based targets. Kingfisher has a long heritage as a responsible business. Establishing a Responsible Business-linked credit facility further demonstrates commitment to continuous improvement in areas that are material to all stakeholders. Under the terms of the new credit facility agreement, which has a duration of three years with the possibility of two one-year extensions, Kingfisher will benefit from a lower interest rate if it delivers specific targets which are alignedwith the Group's Responsible Business plan. Help to tackle climate change: Kingfisher is committed to help tackle climate change by reducing carbon emissions from its business, products and supply chain. The target is to deliver 1.5°C science-based carbon reduction targets by fiscal year 2026 and the facility covers Kingfisher's actions to reduce its Scope 1 and 2 impacts. The previous target was in line with the reductions required to keep global warming to 2°C. Create more forests than use: Kingfisher is committed to becoming forest positive by fiscal year 2026 by creating more forests than it uses. The credit facility target is to reach 100% sustainable wood and paper for its products by fiscal year 2026, covering all retail banners across the Group. The current level for Kingfisher is 80.7%. Fight to fix bad housing: Kingfisher is committed to help more than 2 million people whose housing needs are greatest in communities by fiscal year 2026. This is double previous commitment. The target is defined as the number of people who directly benefited from Kingfisher's community contributions since fiscal year 2017. So far, over 790,000 people have benefited from donations since fiscal year 2017.