Coca-Cola HBC Raises €500 Million in Its First Green Bond Issue
Coca-Cola HBC AG
Coca-Cola HBC Finance B.V. has successfully issued its first green bond, raising €500 million in support of its ambitious sustainability projects owing to strong investor demand.
The Green Bond's net proceeds will be used to fund initiatives that meet the eligibility criteria outlined in the Group's Green Finance Framework.
They will speed up the company's NetZeroby40 and Mission 2025 commitments, such as circularity, energy efficiency, water stewardship, biodiversity and community programmes, sustainable packaging innovation, and support for sustainable agriculture and procurement.
This latest action demonstrates Coca-Cola HBC's resolve to remain a sustainability leader.
Chief Financial Officer of Coca-Cola HBC, Ben Almanzar, said:
“This milestone demonstrates that Sustainability is embedded in every aspect of our business, including our financing strategy. The issue of the Green Bond reinforces our position as Europe’s most sustainable beverage company. Most of all, it was made possible by the unmatched commitment of our teams to achieve net zero across our entire value chain by 2040.”
Source: Coca-Cola HBC
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