Denmark: Arla issued first green bonds

The Denmark headquartered dairy cooperative Arla has issued its first green bonds. Arla has set an ambitious science-based climate target of reducing CO2e emissions by 30% in 2030 and has an ambition of becoming carbon net zero by 2050. With a strong focus on sustainability across the entire value chain, Arla is exploring all opportunities to reduce its CO2e footprint and improve its green handprint. Now, investors can support the transition by purchasing green bonds issued by Arla. Arla has successfully issued a floating rate green bond at the Swedish bond market in Swedish kronor on May 7 2021 at a credit margin of 0,68%. The 148 million euro proceeds from Arla’s green bonds will be allocated to green investments within the cooperative.

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