With its first green bond, Daimler AG (DAI inventory symbol) moves towards CO2-neutral technologies and services.The reference eurobond factored through Daimler AG with a volume of one billion euros, a term of 10 years and an annual coupon of 0.75%.was overwred more than four times and carried through a portfolio of quality orders.The factor was organized through BBVA, BNP Paribas, Commerzbank, Crédit Agricole, SEB and Unicredit.
Harald Wilhelm, board member of Daimler AG, Chief Financial and Control Officer / Daimler Mobility, and Mercedes-Benz AG, Chief Financial and Control Officer: “CO2 emissions-free mobility and production are a transparent goal and an integral component of our sustainable business strategy.The revenue from our first green bond will be used exclusively to finance green projects, allowing transformation to a low-carbon industry and business.Strong demand for our green bond demonstrates difficult situations as well as investor confidence in our strategy.”
The green bond is in line with the Green Bond Principles of the International Capital Market Association (ICMA) and is guided through Daimler’s Green Finance Framework, which was introduced in June 2020.The framework is a summary of the principles under which Daimler will use green tool financing.It applies to a wide variety of debt tools, such as green bonds, green banknotes (Schuldscheine), green treasury expenses and green loans.Daimler will allocate net revenue from green financing tools in accordance with the Framework for Expanding and Producing Zero – Emission Cars such as Electric Battery Cars (BEVs) and Mobile Electric Fuel Cars (FCEV), for example.
More than 50% of the revenue will go to the “Clean Transport” category.In addition, the product can be used, for example, to modernize production facilities or build new facilities for the production of zero-emission cars and their propulsion systems, and to identify the recycling of batteries and fuel cells.A flagship assignment among others is Factory 56, where the new S-Class is assembled.The newly opened carbon 0 factory represents Mercedes-Benz’s long production and sets new criteria for the automotive industry.Daimler’s Framework has been awarded “Dark Green”, the highest score of CICERO, a leading independent, research-based testing provider of green finance executives.CICERO Part Two Review can be obtained on Daimler’s online page at the following address:
Second-half opinion
Daimler will provide an annual report to green finance investors to create transparency for investors and the public regarding the environmental impact on investments in financed allocations. The use of Daimler green bond income is consistent with Daimler’s green financing framework.the allocation will be released in the first investor report on green finance, to be published in the third quarter of 2021.
SOURCE: Daimler
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