- Natura raised USD 1 billion in ESG bond offering
Natura raised USD 1 billion in ESG bond offering
05/18/2021 Since 4 weeks
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:
BANDESAL launches the digital microsite of the Financing Facility “Energy Efficiency for SMEs”
The Development Bank of the Republic of El Salvador (BANDESAL), with the support of the Inter-American Development Bank (IDB), launched the digital microsite of the Energy Efficiency Financing Facility for SMEs, a pro...
Innovative platform for the green bond market
Latin America and the Caribbean (LAC) is one of the most vulnerable regions to the effects of climate change.
Green bonds are a relevant financial instrument to attract private investors to the region to support LA...
IDB Invest Supports Mercon to Strengthen Latin America’s Coffee Sector, Promoting Sustainability and Inclusion
IDB Invest will finance the Mercon Group with up to 50 million dollars to support the Latin-American coffee´s value chain, especially in Guatemala, Honduras, Colombia, Peru and Brazil. This investment is part of a 500...