German consumer goods company Henkel has successfully completed a plastic waste reduction bond.

The five-year, $70m bond is a private placement with Japanese insurance companies Dai-ichi Life and Dai-ichi Frontier Life.

Proceeds from this bond will help finance key projects and activities under Henkel’s sustainability actions.

It also emphasises the company’s commitment to enhance a circular economy and reduce plastic waste.

In March this year, Henkel enhanced its sustainability commitment to make 100% of Henkel’s packaging recyclable or reusable by 2025.

It also planned to reduce the amount of fossil-based virgin plastics by 50%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Henkel CFO Marco Swoboda said: “Sustainability is not only firmly embedded in our strategic framework for the future but also increasingly relevant for investors and the financial market.

“We are proud to be the first corporate issuer of a plastic waste reduction bond, once more demonstrating our ability to conclude innovative sustainable investment instruments at attractive terms.

“By linking financing concepts to our plastic waste reduction initiatives, the finance team shows its continuous commitment to actively contributing to our sustainability agenda.”

Multinational investment bank and financial services holding company HSBC served as the Green Structuring advisor and lead manager in relation to the transaction.

In April this year, Henkel unveiled new Persil 4in1 DISCS detergent packaging, which now contains 50% postconsumer recycled polypropylene (r-PP) obtained from discarded household plastics.