Post by account_disabled on Feb 27, 2024 3:30:27 GMT -5
The largest restaurant chain in Latin America and independent McDonald's franchise, Arcos Dorados, is the first of its kind to issue a bond linked to sustainability. The above is part of its objectives to reduce greenhouse gas (GHG) emissions throughout its operation.
According to the 3BL Media portal, Arcos Dorados announced this initiative, positioning itself as the first in the Latin American food industry to associate a financial instrument with environmental objectives.
Green investments
A sustainability-linked bond is a debt instrument that Chinese American Phone Number List includes commitments by the issuer to meet certain ESG (environmental, social and governance) objectives, measured against specific key performance indicators (KPIs), to change of more attractive interest rates.
Sustainability is part of Arcos Dorados' culture, as well as our business strategy.
As leaders in the private sector, we continually seek to balance our business activities with our socio-environmental impact.
The issuance of this bond is an ambitious step that demonstrates our conviction that sustainability is not only the right thing to do, but can also support a good financial strategy.
Marcelo Rabach, General Director of Arcos Dorados.
sustainability-linked bonus
The company chose to reduce emissions (GHG) in all its activities, taking another step in the evolution of its constant and growing effort to care for the planet and the development of the communities in the region.
The goal established in the agreement is guided by the company's previous agreement to reduce its GHGs in restaurants and offices by 36%; and 31% in the supply chain, both percentages based on 2021.
Being sustainable is also profitable
The corporation is aware that excessive GHG emissions—mainly carbon dioxide—contribute to global warming, a major threat we face.
The issuance of the bond linked to sustainability aims to promote a low-carbon economy. One of the priorities of Arcos Dorados' ESG platform, known as its Recipe for the Future, is aligned with the Sustainable Development Goals (SDGs).
sustainability-linked bonus
Since 2019, Arcos Dorados began measuring and auditing the “carbon footprint” related to its operation, which represents approximately 5.7% of its total GHG emissions. In 2021, it did the same with that of its suppliers, which represent more than 93% of its total emissions. In other words, the KPIs chosen by the agglomerate, for this financial instrument, represent almost 100% of its GHG .
This bonus demonstrates its work to consolidate itself as an agent of change on a large scale, making it clear that responsibility is not only a duty of companies, but can be a financial strategy.
Transparency in bonus linked to sustainability
The arrival of the bonus linked to sustainability will be accompanied by annual audits carried out by third parties to measure KPIs. Additionally, as part of this transaction and in line with the Sustainability Linked Bond Principles (SLBP), it is endorsed by Sustainalytics , the renowned global sustainability rating agency.
According to the 3BL Media portal, Arcos Dorados announced this initiative, positioning itself as the first in the Latin American food industry to associate a financial instrument with environmental objectives.
Green investments
A sustainability-linked bond is a debt instrument that Chinese American Phone Number List includes commitments by the issuer to meet certain ESG (environmental, social and governance) objectives, measured against specific key performance indicators (KPIs), to change of more attractive interest rates.
Sustainability is part of Arcos Dorados' culture, as well as our business strategy.
As leaders in the private sector, we continually seek to balance our business activities with our socio-environmental impact.
The issuance of this bond is an ambitious step that demonstrates our conviction that sustainability is not only the right thing to do, but can also support a good financial strategy.
Marcelo Rabach, General Director of Arcos Dorados.
sustainability-linked bonus
The company chose to reduce emissions (GHG) in all its activities, taking another step in the evolution of its constant and growing effort to care for the planet and the development of the communities in the region.
The goal established in the agreement is guided by the company's previous agreement to reduce its GHGs in restaurants and offices by 36%; and 31% in the supply chain, both percentages based on 2021.
Being sustainable is also profitable
The corporation is aware that excessive GHG emissions—mainly carbon dioxide—contribute to global warming, a major threat we face.
The issuance of the bond linked to sustainability aims to promote a low-carbon economy. One of the priorities of Arcos Dorados' ESG platform, known as its Recipe for the Future, is aligned with the Sustainable Development Goals (SDGs).
sustainability-linked bonus
Since 2019, Arcos Dorados began measuring and auditing the “carbon footprint” related to its operation, which represents approximately 5.7% of its total GHG emissions. In 2021, it did the same with that of its suppliers, which represent more than 93% of its total emissions. In other words, the KPIs chosen by the agglomerate, for this financial instrument, represent almost 100% of its GHG .
This bonus demonstrates its work to consolidate itself as an agent of change on a large scale, making it clear that responsibility is not only a duty of companies, but can be a financial strategy.
Transparency in bonus linked to sustainability
The arrival of the bonus linked to sustainability will be accompanied by annual audits carried out by third parties to measure KPIs. Additionally, as part of this transaction and in line with the Sustainability Linked Bond Principles (SLBP), it is endorsed by Sustainalytics , the renowned global sustainability rating agency.