CDP reaffirms its leading role in the ESG bond market by launching its second Green Bond and the first under the updated “CDP Green, Social and Sustainability Bond Framework” as of December 2023. The transaction follows CDP 2023 Inaugural Green Bond and the nine sustainable bonds issued since 2017 in Social and Sustainability formats.
The proceeds will be allocated to initiatives with positive environmental impacts. Specifically, CDP will use the funds to finance infrastructure investments primarily in the renewable energy and sustainable mobility sectors, as well as investments in businesses aimed at improving energy efficiency and supporting the circular economy.
With this Green Bond issuance, CDP also aims to promote technological innovation by leveraging blockchain technology to tokenize the reporting process. Through this initiative, CDP intends to offer investors an additional means to verify the allocation of proceeds to Eligible Assets and their related impacts.
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