Spread the love

HAMBURG – German textiles, apparel and homeware retailer the Otto Group will become the first company in its industry to issue sustainability bonds. The business says it will initially use the proceeds from the bonds issue, expected in the next couple of months, to purchase cotton via the Cotton Made In Africa (CmiA) initiative as part of its sustainability strategy. However, further bond financing will go towards projects in its new, broader Sustainable Investment Portfolio.

This content is locked

Login and Upgrade to OR To Unlock The Content!


Spread the love