bg电子娱乐场

The plastic waste reduction bond underlines bg电子娱乐场鈥檚 commitment to foster a circular economy and reduce plastic waste and hence to Sustainable Finance. At the same time, it provides the opportunity for additional learnings from financial products which include sustainability features. In 2018, bg电子娱乐场 was the first company in Germany to conclude a syndicated 鈥楽ustainability linked Loan鈥�, a credit facility linked to bg电子娱乐场鈥檚 performance in three independent sustainability ratings.

Contribution to bg电子娱乐场鈥檚 sustainability targets

鈥淪ustainability is not only firmly embedded in our strategic framework for the future but also increasingly relevant for investors and the financial markets,鈥� said bg电子娱乐场 CFO Marco Swoboda. 鈥淲e 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.鈥�

鈥淧lastic waste is one of the biggest environmental challenges globally. We have reaffirmed our clear commitment to accelerate our sustainability actions and are working towards ambitious targets for reducing plastic waste and fostering a circular economy,鈥� adds Sylvie Nicol, Member of the bg电子娱乐场 Management Board responsible for Human Resources and Sustainability. 鈥淭his plastic waste reduction bond is a strong signal of our conviction that especially in times like these, in midst of the current COVID-19 crisis, we need to step up our efforts to promote sustainable solutions and concepts across the whole organization and along the entire value chain.鈥�

鈥淒ai-ichi Life has been promoting ESG investments and actively investing in green and social bonds. This is the first-ever corporate bond to have proceeds exclusively allocated to plastic waste reduction. As the bond is being issued by a manufacturer, the impact goes directly into the supply chain where bg电子娱乐场 is developing more sustainable packaging solutions, for example by increasing the amount of recycled plastic,鈥� said Kenjiro Okazaki, General Manager, Global Fixed Income Investment Dept. at Dai-ichi Life. 鈥淲e expect the plastic waste reduction bond to contribute to fostering a sustainable economy and reducing plastic waste.鈥�

Initiatives and partnerships to reduce plastic waste

The bond proceeds will contribute to finance key projects and activities in line with bg电子娱乐场鈥檚 packaging targets for 2025. By then, 100 percent of the company鈥檚 packaging will be recyclable or reusable*, the amount of fossil-based virgin plastics will be reduced by 50 percent and bg电子娱乐场 wants to help prevent waste from being disposed in the environment. Next to developing sustainable packaging solutions, bg电子娱乐场 is engaged in several partnerships and cross-industry initiatives that aim to drive innovation in packaging development and the transition towards a circular economy. For example, the company is a founding member of the and partner of the Plastic Bank.

HSBC acted as Green Structuring Advisor and Lead Manager on this transaction.

No further financial details of the transaction were disclosed.

More information on bg电子娱乐场鈥檚 commitment and actions for sustainable packaging can be found at www.henkel.com/plastic.

_{* Excluding adhesive products where residue may affect recyclability or pollute recycling streams}

About Dai-ichi Life

The Dai-ichi Life Insurance Company, Limited 鈥�(鈥淒ai-ichi Life鈥�) is one of the largest private life insurance companies in Japan. Founded on September 15, 1902, Dai-ichi Life was the oldest mutual insurance company in Japan until it was demutualized and listed on the Tokyo Stock Exchange on April 1, 2010. As of March 31, 2020, total assets were 楼36.4 trillion 鈥�(USD$335.3 billion) on a consolidated basis. Based in Tokyo, Dai-ichi Life has approximately 55,000 employees and 1,260 sales offices throughout Japan.

About Dai-ichi Frontier Life

The Dai-ichi Frontier Life Insurance Company, Limited 鈥�(鈥淒ai-ichi Frontier Life鈥�), a member of the Dai-ichi Life Group, commenced operations in August 2007. Dai-ichi Frontier Life was founded as a manufacturer of insurance for bancassurance market in Japan, and currently boasts a top-class market share. As of March 31, 2020, total assets were 楼8.9 trillion 鈥�(USD$82.2 billion). Based in Tokyo, Dai-ichi Frontier Life has approximately 450 employees and branches located in Hokkaido, Nagoya, Osaka, Hiroshima and Fukuoka.

This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of bg电子娱乐场 AG & Co. KGaA. Statements with respect to the future are characterized by the use of words such as 鈥渆xpect鈥�, 鈥渋ntend鈥�, 鈥減lan鈥�, 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆stimate鈥�, and similar terms. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and results actually achieved by bg电子娱乐场 AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside bg电子娱乐场鈥檚 control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. bg电子娱乐场 neither plans nor undertakes to update any forward-looking statements.

This document includes 鈥� in the applicable financial reporting framework not clearly defined 鈥� supplemental financial measures that are or may be alternative performance measures 鈥�(non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of bg电子娱乐场鈥檚 net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities.