Compass Group issues first Sustainable Bonds to support Net Zero ambitions

Compass Group, the world’s largest food services group, has successfully issued two Sustainable Bonds, raising proceeds of €500m and £250m respectively, which will be used to progress the Group’s sustainability initiatives and the delivery of its global Climate Net Zero target. In October 2021, Compass became the first international company in the contract catering industry to announce a global commitment to Climate Net Zero by 2050, including validated Science Based Targets and a commitment to be carbon neutral worldwide in its own operations by 2030. The new Sustainable Bond issuances…

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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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