Merck Issues $1 Billion Inaugural Sustainability Bond

Merck, known as MSD outside the United States and Canada, today announced its inaugural issuance of a $1 billion sustainability bond, which was part of an $8 billion underwritten public offering of notes that closed on Dec. 10, 2021. Merck’s environmental, social and governance (ESG) efforts are grounded in the core values that have always guided the company’s mission to invent for life, with a responsibility to patients and animals in need of medicines and vaccines, and with respect, inclusion and accountability to its employees. The company’s 130-year legacy has…

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Scotiabank Issues USD 1 Billion Sustainability Bond

Scotiabank has announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank’s commitment to making a positive impact and creating better communities for every future. Net proceeds from the Sustainability Bond offering will be used to fund the financing or refinancing, in whole or in part, eligible green and/or social assets, which refer to new or existing assets, businesses or projects that meet the Scotiabank Sustainable Bond Framework Eligibility Criteria. This is the largest Sustainability Bond issued by a Canadian Financial or…

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Principal Financial Group® Issues $600 Million Sustainability Bond

Principal Financial Group® issued its first sustainability bond on August 16 in the amount of $600 million as part of the company’s commitment to integrating and advancing Environmental, Social, and Governance (ESG) practices and initiatives in its organization and operations. “Principal® is committed to being sustainable in our actions and solutions, and intentional in how we’re making progress toward our purpose,” said Deanna Strable, executive vice president and chief financial officer for Principal Financial Group. “The issuance of a sustainability bond gives us an additional pathway to stimulate positive change…

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Mastercard Issues $600 Million Sustainability Bond

Mastercard has announced that it has successfully priced a $600 million Sustainability Bond at a fixed rate of 1.90%. This milestone further supports the company’s work to build an inclusive and sustainable digital economy through commercially sustainable social impact. Mastercard’s global commitments include reaching net zero emissions by 2050 and bringing 1 billion people and 50 million small businesses into the digital economy by 2025. The proceeds from the Sustainability Bond will support significant progress already made towards maximizing carbon reduction, supporting environmental choices for customers, and fostering inclusive growth.…

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Goldman Sachs Issues $800 Million Sustainability Bond

The Goldman Sachs Group, Inc. has announced that it has settled an $800 million Sustainability Bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities. The bond is unique in that eligible categories are based on the above mentioned nine key impact themes that also underpin Goldman Sachs’ sustainable finance commitment. The commitment includes a target to deploy $750 billion across…

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