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STOCKHOLM – Global retail giant H&M has today issued a €500 million, sustainability-linked bond, which it says provides incentives for the company to meet a series of environmental targets by 2025.
The sustainability-linked bond, which was 7.6 times oversubscribed, is actually new on the market and, unlike green bonds, are directly linked to a company meeting defined sustainability targets.
For H&M these targets are related to use of recycled materials, reduction of indirect scope 3 greenhouse gas emissions in its supply chain as well as carbon reductions in its own operations.
