“Plastic waste is one of the biggest environmental challenges globally. We have reaffirmed our clear commitment to accelerate our sustainability actions and are working towards ambitious targets for reducing plastic waste and fostering a circular economy,” adds Sylvie Nicol, Member of the Henkel Management Board responsible for Human Resources and Sustainability. “This plastic waste reduction bond is a strong signal of our conviction that especially in times like these, in midst of the current COVID-19 crisis, we need to step up our efforts to promote sustainable solutions and concepts across the whole organization and along the entire value chain.”
“Dai-ichi Life has been promoting ESG investments and actively investing in green and social bonds. This is the first-ever corporate bond to have proceeds exclusively allocated to plastic waste reduction. As the bond is being issued by a manufacturer, the impact goes directly into the supply chain where Henkel is developing more sustainable packaging solutions, for example by increasing the amount of recycled plastic,” said Kenjiro Okazaki, General Manager, Global Fixed Income Investment Dept. at Dai-ichi Life. “We expect the plastic waste reduction bond to contribute to fostering a sustainable economy and reducing plastic waste.”
Initiatives and partnerships to reduce plastic waste
The bond proceeds will contribute to finance key projects and activities in line with Henkel’s packaging targets for 2025. By then, 100 percent of the company’s packaging will be recyclable or reusable*, the amount of fossil-based virgin plastics will be reduced by 50 percent and Henkel wants to help prevent waste from being disposed in the environment. Next to developing sustainable packaging solutions, Henkel is engaged in several partnerships and cross-industry initiatives that aim to drive innovation in packaging development and the transition towards a circular economy. For example, the company is a founding member of the Alliance to End Plastic Waste (AEPW) and partner of the Plastic Bank.
HSBC acted as Green Structuring Advisor and Lead Manager on this transaction.
No further financial details of the transaction were disclosed.
www.henkel.com
