Coca-Cola HBC raises €500 million for sustainability projects through green bond

Coca-Cola HBC raised €500 million by issuing its first green bond in support of its sustainability projects.

The green bond is a fixed-income instrument designed to support specific climate-related and environmental projects. It was driven by strong investor demand,

The bond’s net proceeds will go to projects that meet the eligibility criteria outlined in the group’s Green Finance Framework.

The criteria include four components: use of proceeds, project evaluation and selection, management of proceeds, and reporting.

The projects will support the progress of Coca-Cola HBC’s NetZeroby40 and Mission 2025 commitments, including circularity, innovation in sustainable packaging, support of sustainable agriculture and procurement, energy efficiency, water stewardship, biodiversity and community programs.