NEWS COMMENTARY

BASF issues first chemical industry green bond

Published:
June 04, 2020
Services:
Chemicals More...
Activities:
Investment
Average importance

The industry giant floated a €1 billion green bond earmarked for financing "sustainable products and projects." Green bonds typically have modestly more favorable terms (one study found a 1 to 2 basis point price premium) in exchange for conditions ensuring they're used on eco-friendly programs. There's certainly an element of marketing (both for the issuer and for money managers buying the bonds), but it is an illustration of how investors are encouraging chemicals companies to be more sustainable and of the business case for sustainability in the industry.

For the original news article, click here .


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