Ørsted becomes world’s first energy company to issue blue bonds
On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds.
Ørsted A/S (Orsted) Ørsted becomes world’s first energy company to issue blue bonds 8.6.2023 16:14:54 CEST | Ørsted A/S | On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line with Ørsted's 2030 commitment to achieve a net-positive impact on biodiversity, as well as in sustainable shipping. Ørsted is proud to be the first energy company in the world to issue a blue bond with its EUR 100 million 3.625 % fixed-rate blue bond maturing in 2028. Blue bonds assist in diversifying and expanding the market for sustainable ocean financing, which is crucial for enhancing ocean health. Introduced in 2018, blue bonds are aimed at directing finance into ocean-based projects that have positive environmental, economic, and climate benefits. She continues: “To fund these ocean-based solutions at scale and meet the goals set forth by SDG 14, we need to increase financing to the sustainable ocean economy. Blue bonds, such as Ørsted's, issued by the private sector are important tools for delivering crucial financing for projects aimed at addressing a broad scope of environmental and social issues facing our world today.” Harmen van Wijnen, Chairman of ABP, APG’s Asset Management’s largest client, is excited about the prospect of contributing through the investment in Ørsted’s inaugural blue bond to the restoration and protection of marine life, saying: Read more about the blue financing here. Read the IFC Blue Finance Guidelines here.
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Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | DK0060094928 |
Category Code: | MSCL |
TIDM: | Orsted |
Sequence No.: | 249653 |
EQS News ID: | 1652913 |
End of Announcement | EQS News Service |
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