Carrefour to Include Sustainability-Linked Bonds in its Medium-Term Notes Program
July 05 2021 - 11:53AM
Business Wire
Regulatory News:
Carrefour (Paris:CA) has decided to include the option to issue
Sustainability-Linked Bonds (SLBs) in its Euro Medium Term Notes
program in 2021. These SLBs include Sustainability Performance
Targets (SPTs) that are aligned with the Group’s sustainability
goals.
SLBs are any type of bond instrument whose financial and/or
structural characteristics can vary depending on whether the issuer
achieves predefined Sustainability/Environmental, Social and
Corporate Governance objectives. To that end, Carrefour has
selected three Key Performance Indicators that are core, relevant,
and material to its business and measure progress against its
sustainability commitments:
- Group Greenhouse Gas Emissions reduction, -
Quantity of packaging avoided, - Food waste.
Carrefour will provide relevant reporting on an annual basis,
and in any case for any date/period relevant for assessing the
trigger of the SPTs leading to an interest step- up of the relevant
SLB. The net proceeds of the issues of SLBs will be used for the
Group's general corporate purposes.
Matthieu Malige, Chief Financial Officer of Carrefour Group,
said: “Sustainable Finance is a key component of our global CSR
strategy. Two years after implementing the first CSR-linked credit
facilities in the European retail sector, which were extended a few
weeks ago, our Group is setting another leadership example in
behavior-based financing to advance our sustainability goals.”
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investisseurs@carrefour.com
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