Post by nurnobisorker22 on Feb 20, 2024 8:49:15 GMT
Arcos Dorados, the franchise that operates the McDonald's brand in 20 markets in Latin America and the Caribbean, announces the issuance of its first bond linked to sustainability, known in English as Sustainability Linked Bond (SLB), thus positioning itself as the first the restaurant industry in associating a financial instrument with environmental objectives. “Sustainability is part of the culture of Arcos Dorados and also of our business strategy. As leaders, we continually seek balance between our commercial activities and socio-environmental impact. The issuance of this bond is an ambitious step that proves our conviction that sustainability is not only a duty of companies, but can also be a good financial strategy,” says Marcelo Rabach, Chief Executive Officer.
SLBs are debt instruments that aim to make the issuer commit to meeting certain ESG ( Environmental, Social and Governance ) goals, calibrated based on key performance indicators (KPIs), in exchange for more attractive rates. Arcos Dorados chose to reduce greenhouse gas (GHG) emissions throughout its operation, taking another step in the evolution Guatemala Mobile Number List of the company's constant and growing commitment to caring for the planet and developing the communities in the region. . The objective of the agreement is aligned with the commitment previously assumed by the company to reduce carbon emissions by 36% in its own operation and by 31% taking into account its entire supply chain (progressively until 2030). . In both cases, absolute data from 2021 will be used as a basis.
The excess emission of greenhouse gases, mainly carbon dioxide, contributes to global warming, which is a major threat to the planet's ecosystem. Promoting a low-carbon economy is one of the priorities of the company's socio-environmental strategy, called Recipe for the Future, which is aligned with the Sustainable Development Goals (SDGs) established by the UN. Within this framework, starting in 2019, Arcos Dorados began measuring and auditing the carbon footprint of its operation, which represents approximately 5.7% of its total greenhouse gas emissions. Since 2021, it has also measured the carbon footprint of its suppliers, taking into account that more than 93% of GHG emissions come from this sector. Therefore, the KPIs chosen by the company for this financial instrument represent almost 100% of its GHG emissions. “We know the size of our scale and therefore our responsibility as an agent of positive change.
SLBs are debt instruments that aim to make the issuer commit to meeting certain ESG ( Environmental, Social and Governance ) goals, calibrated based on key performance indicators (KPIs), in exchange for more attractive rates. Arcos Dorados chose to reduce greenhouse gas (GHG) emissions throughout its operation, taking another step in the evolution Guatemala Mobile Number List of the company's constant and growing commitment to caring for the planet and developing the communities in the region. . The objective of the agreement is aligned with the commitment previously assumed by the company to reduce carbon emissions by 36% in its own operation and by 31% taking into account its entire supply chain (progressively until 2030). . In both cases, absolute data from 2021 will be used as a basis.
The excess emission of greenhouse gases, mainly carbon dioxide, contributes to global warming, which is a major threat to the planet's ecosystem. Promoting a low-carbon economy is one of the priorities of the company's socio-environmental strategy, called Recipe for the Future, which is aligned with the Sustainable Development Goals (SDGs) established by the UN. Within this framework, starting in 2019, Arcos Dorados began measuring and auditing the carbon footprint of its operation, which represents approximately 5.7% of its total greenhouse gas emissions. Since 2021, it has also measured the carbon footprint of its suppliers, taking into account that more than 93% of GHG emissions come from this sector. Therefore, the KPIs chosen by the company for this financial instrument represent almost 100% of its GHG emissions. “We know the size of our scale and therefore our responsibility as an agent of positive change.