Sustainability-linked bond

Hyundai Capital Services recognized by UN Global Compact for its sustainable finance best practices

Retrieved on: 
Friday, November 17, 2023
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SEOUL, South Korea, Nov. 17, 2023 /PRNewswire/ -- Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the "Sustainable Finance" category at the "UN Global Compact Korea Leaders Summit 2023" hosted by the United Nations Global Compact (UNGC) Korea.

Key Points: 
  • SEOUL, South Korea, Nov. 17, 2023 /PRNewswire/ -- Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the "Sustainable Finance" category at the "UN Global Compact Korea Leaders Summit 2023" hosted by the United Nations Global Compact (UNGC) Korea.
  • During the Summit, Daniel Lee, CFO of Hyundai Capital Services presented on the company's ESG management best practices and shared performance results with the UNGC members.
  • Joining the CFO Coalition is a great opportunity for Hyundai Capital Services to continue advancing sustainable finance in global business.
  • "As a global automotive finance company, Hyundai Capital Services plans to continue to actively project eco-friendly values into its financial products and services.

EQS-News: Wienerberger AG: Wienerberger successfully places its first Sustainability-Linked Bond in a volume of EUR 350 million

Retrieved on: 
Thursday, September 28, 2023
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A Sustainability-Linked Bond is a fixed income instrument, linking the financial and structural features of a corporate bond to predefined sustainability targets.

Key Points: 
  • A Sustainability-Linked Bond is a fixed income instrument, linking the financial and structural features of a corporate bond to predefined sustainability targets.
  • At the same time, the performance of the bond is closely linked to the achievement of Wienerberger's ESG targets.
  • The bond with a total issuance volume of
    EUR 350,000,000 has a maturity of five years and a coupon rate of 4.875% p.a.
  • The bond will be listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange in the corporates prime segment.

How one student forced the government to admit the economic risks of climate change

Retrieved on: 
Thursday, September 7, 2023
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In 2020, Katta O’Donnell, then a 23-year-old student at the University of Melbourne, launched a world-leading class action lawsuit against the Commonwealth government.

Key Points: 
  • In 2020, Katta O’Donnell, then a 23-year-old student at the University of Melbourne, launched a world-leading class action lawsuit against the Commonwealth government.
  • But O’Donnell’s lawsuit broadly questioned whether sovereign bonds were really safe for investors once the economic impacts of climate change were taken into account.
  • Her lawyers argued that the Commonwealth government should disclose the way climate change posed both “physical” and “transition” risks to the economy.
  • Read more:
    'A wake-up call': why this student is suing the government over the financial risks of climate change

    O’Donnell’s lawyers also suggest that investors increasingly expect governments to try to manage their climate risks.

  • At that time, few government bond prospectuses issued around the world referred to climate risks.
  • All this is creating pressure for governments like ours to better understand and disclose climate risks when they borrow money.

BMO Provides Innovative New Sustainability-Linked Deposit Product to Zurn Elkay Water Solutions

Retrieved on: 
Tuesday, July 18, 2023
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TORONTO, July 18, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) today announced it is providing its innovative new Sustainability-Linked Deposit (SLD) product to Zurn Elkay Water Solutions (NYSE: ZWS), a client and leading engineered water solutions company.

Key Points: 
  • TORONTO, July 18, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) today announced it is providing its innovative new Sustainability-Linked Deposit (SLD) product to Zurn Elkay Water Solutions (NYSE: ZWS), a client and leading engineered water solutions company.
  • A Sustainability-Linked Deposit links the interest paid on a deposit account to a client's achievement of defined sustainability targets.
  • "Zurn Elkay's Environmental, Social and Governance (ESG) progress – and our focus – are guided by our commitment to simply Do the Right Thing," said Todd A. Adams, Chairman and CEO of Zurn Elkay Water Solutions.
  • Named one of America's Most Responsible Companies for three consecutive years by Newsweek, Zurn Elkay also develops solutions that help manage the most-important natural resource – water.

Citi collaborates with Vodafone to support emissions reductions through Supply Chain Finance

Retrieved on: 
Tuesday, April 18, 2023
Professional Services, Environmental, Social and Governance (ESG), Environment, Sustainability, Finance, Banking, Carbon accounting, Sustainability-linked bond, Working capital, Carbon, Tech, Vodafone, World Integrated Trade Solution, Treasury, CDP, Supply chain finance, Supply, SCF, Renewable energy, Citigroup

Citi, in collaboration with Vodafone Group Plc (“Vodafone”), announces the addition of environmental criteria to Vodafone’s Supply Chain Finance Programme (“SCF”).

Key Points: 
  • Citi, in collaboration with Vodafone Group Plc (“Vodafone”), announces the addition of environmental criteria to Vodafone’s Supply Chain Finance Programme (“SCF”).
  • Eligible suppliers to Vodafone will now be able to access preferential SCF rates from Citi by disclosing environmental data and demonstrating improvements to their performance.
  • Eligible Vodafone suppliers will be able to access preferential financing rates from Citi based on multiple factors.
  • “We are delighted that Vodafone has collaborated with Citi to deliver this sustainability-linked solution for its suppliers.

Arcos Dorados Reports Record Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 15, 2023
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As of December 31, 2022, cash and cash equivalents were $304.4 million and total financial debt (including the value of derivative instruments) was $674.4 million.

Key Points: 
  • As of December 31, 2022, cash and cash equivalents were $304.4 million and total financial debt (including the value of derivative instruments) was $674.4 million.
  • Net cash generated from operating activities for the full year 2022, totaled $345.4 million, up 34% from last year’s $258.0 million.
  • As mentioned in its first quarter 2022 earnings release, on April 27, 2022, the Company issued a Sustainability-Linked Bond for an aggregate principal amount of $350 million, maturing on May 27, 2029.
  • In order to access the webcast, members of the investment community should follow this link Arcos Dorados Fourth Quarter 2022 Results Webcast .

FOURTH QUARTER SALES & FY 2022 RESULTS

Retrieved on: 
Thursday, February 16, 2023
Return on capital employed, EV/Ebitda, CASH, PPA, Electricity, Acquisition, Geography, Sale, FCF, Net, Pension, Annual, Sustainability-linked bond, ESG, Sustainability, Rockwell, Policy, Trade-weighted US dollar index, Income tax, Capital market, WCR, Appendix, Power, Calendar, United States dollar, NB, Tax, Cryptocurrency, Commercial property, Life insurance, Video game, Health insurance, Retail, Pharmaceutical industry, Copper, Rexel

Effective tax rate stood at 24.6% in 2022 (25.7% excluding one-offs) compared to 23.2% in 2021 (26.6% excluding one-offs).

Key Points: 
  • Effective tax rate stood at 24.6% in 2022 (25.7% excluding one-offs) compared to 23.2% in 2021 (26.6% excluding one-offs).
  • Our record 2022 results put us well on track to achieve the 2022-2025 four-year objectives presented at our Capital Markets Day in June.
  • Based in Santa Clara, California, the company generated USD150m of sales in 2022, through 6 branches and 153 employees.
  • The company was founded in Toronto in 1958, has 63 employees and generated c. 25m of sales in 2022.