Vigeo Eiris provides a second-party opinion on the sustainability and management of Danone social bond
Danone has launched a €300 million bond to finance and refinance projects with social benefits.
This is the first Social Bond issued by a multinational company that is aligned with the Social Bond Principles set out by the International Capital Market Association.
A few weeks after the integration of Environment Social and Governance (ESG) criteria in its €2bn syndicated loan, this bond issuance continues to support Danone’s long-term ambition to “lead the way to creating and sharing sustainable value for its stakeholders”.
Vigeo Eiris provided independent Second Party Opinion on the sustainability credentials and management of this social bond.
Documentation related to the bond issuance, including the Framework and associated Second Party Opinion, is available on the ‘investors’ page of Danone’s website (section ‘Debt and Rating’ – www.danone.com).