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Natura raised USD 1 billion in ESG bond offering
05/18/2021 Since 4 months

Natura, the Brazilian cosmetic company and operator of Avon, The Body Shop and Aesop brands, recently issued bonds with a sustainable approach. The offering was the largest sustainable linked bond issuance to date in Latin America. The issuance was carried out by the subsidiary Natura Cosméticos SA, with Natura & Co holding SA as guarantor in a global operation.

One billion dollars were raised, which will be used for the implementation of new practices that will improve sustainability in the company. The transaction commits Natura to meet two environmental performance indicators by 2026 year-end: i) reducing scopes 1, 2 and 3 of relative greenhouse gas (“GHG”) emissions intensity by another 13%, and ii) reaching 25% of post-consumer recycled (“PCR”) plastic in plastic product packaging.

The year 2019 is considered as the baseline for the targets stipulated in the issue and the penalty if these indicators are not reached is an increase of 65 basis-points in the interest rate as of November 2027.

This post is also available in: Spanish

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