What is an unsecured loan? How does it differ from a secured loan?

A secured business loan is money borrowed or secured against an asset you already own. This could be something like a car, premises or anything or value that will be used to secure payment to the creditor in the event that you are unable to repay the loan. In contrast, an unsecured business loan doesn’t require you to provide anything as security. Instead, you borrow a lump sum and then pay this back with interest over an agreed timeframe.Pledges 1 and 2 will make Tide fully Net Zero by 2030.

What we mean by this is that Tide commits to reducing emissions by 97% on an economic basis as well as to 90% on a per employee basis. Therefore as Tide’s revenue increases our relative amount of emissions, we reduce to 97% less than our base year emissions, as measured on a revenue basis.