Ahold Delhaize: details use of first green bond issue
(CercleFinance.com) - This Tuesday, Ahold Delhaize detailed how it used the proceeds of its first green bond issue, saying that the funds have helped to boost the part of sustainably sourced products, while further reducing the group's environmental impact.
The Dutch retailer raised 600 million euros in June last year through the issue of a so-called "sustainability bond" maturing in 2025.
Ahold has said that the majority of the proceeds - 432 million euros - have been used to further expand sourcing of sustainable seafood, coffee, tea, and cocoa.
Furthermore, 161 million euros has been invested in renewable energy installations, energy efficient equipment, refrigeration improvements, and green buildings, the supermarket group said.
The remainder of the proceeds were used to implement and expand healthier eating initiatives and the marketing and distribution of healthier products, Ahold said.
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