1. Home
  2. »
  3. News
  4. »
  5. Natura raised USD 1 billion in ESG bond offering
NEWS
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

LATEST NEWS
FEBRABAN Banking Economy Award
Since 2009 FEBRABAN has been promoting the FEBRABAN Banking Economy Award, which aims to encourage debate and academic research on themes related to the financial market and banking economy. In this 13th Edition, a...
Since 3 days Read More
Climate Bonds Initiative highlighted key figures of Sustainable Debt Market 2021
Total volumes for labelled Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB) and Transition bonds reached nearly half a trillion (USD496.1bn) in the first half of 2021. This amount repres...
Since 1 week Read More
Uruguay wants to become a green hydrogen producer
Uruguay's Ministry of Industry, Energy and Mining announced a plan to develop green hydrogen projects for the decarbonisation of freight transport, the energy sector and industry, as well as for exporting the fuel to ...
Since 3 weeks Read More