Tag: Sustainability-Linked Bond

LafargeHolcim successfully launches first sustainability-linked bond for EUR 850 million

Stuart Mitchell

LafargeHolcim has priced a EUR 850 million sustainability-linked bond with a coupon of 0.5% maturing in 2031. With this first bond of its kind in the building materials industry, the company is confirming its sustainability leadership in the sector. Géraldine Picaud, Chief Financial Officer: “We are proud to be the first in our industry to launch a sustainability-linked bond. The order book of EUR 2.6 billion demonstrates the confidence of investors in the company’s financial strength, strategy and ability to deliver on its sustainability targets.” Magali Anderson, Chief Sustainability Officer:…

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CHANEL pioneers new Sustainability-Linked Bonds supported by BNP Paribas

Stuart Mitchell

BNP Paribas has announced it has supported leading luxury goods company CHANEL to issue its first Sustainability-Linked Bonds. The pioneering €600mn inaugural transaction – a first in the luxury sector linked to the ICMA Sustainability-Linked Bonds Principles – will support CHANEL’s ambitious Mission 1.5° climate strategy by linking the bond terms to carbon reduction targets.  The targets include: Decreasing CHANEL’s own (scope 1 and 2) emissions by 50% by 2030  Decreasing CHANEL’s supply chain (scope 3) absolute greenhouse gas emissions by 10% by 2030  Shifting to 100% renewable electricity in…

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