Colgate-Palmolive Awards First Sustainability Bond | Business
NEW YORK – (BUSINESS WIRE) – November 3, 2021–
Colgate-Palmolive Company (NYSE: CL) today announced that it has successfully valued a EUR 500 million 8-year sustainability bond with an interest coupon of 0.300% per annum. The net proceeds of Colgate’s first sustainability bond will help support and promote the actions reflected in the Company’s 2025 Sustainability and Social Impact Strategy.
“The issuance of Colgate’s first sustainability bond will help Colgate meet our ambitious sustainability goals, which are essential to achieving our goal of reinventing a healthier future for everyone, their pets and our planet,” said said Stan Sutula, chief financial officer of Colgate. “Because collaboration and engagement are essential to scale up the progress we all seek, the deployment of this financial instrument allows the investment community to participate and contribute to our efforts. “
As outlined in Colgate’s 2025 Sustainability and Social Impact Strategy, Colgate is committed to achieving three key ambitions: driving social impact, helping millions of homes and preserving our environment. The company has made measurable progress towards its sustainability goals, such as reducing emissions, reducing manufacturing waste, eliminating plastic waste, conserving water and improving oral health. dental.
“With the Colgate brand in more homes than any other, we have a responsibility and an opportunity to lead when it comes to sustainability and social impact,” said Ann Tracy, Director of Sustainability at Colgate. “We approach our work from many different angles to integrate sustainability into what we make, how we make it and how our products are used. It’s an exciting journey, and while we’ve grown within our company over the years, we can’t wait to do better and do more.
Colgate will use the net proceeds of the Sustainability Bond (or an equivalent amount) to finance or refinance, in part or in whole, new and existing projects and programs with distinct environmental or social benefits, as further described in its sustainable financing framework available on the Colgate website.
Eligible projects and programs are expected to be funded by Colgate through capital or operating expenses. Eligible projects include assets, investments, and other related and supporting expenses, such as R&D, that contribute to Colgate’s 2025 Sustainability and Social Impact Strategy and fall into one of the following categories:
- Eco-efficient or circular economy products, production technologies and processes that promote sustainable sourcing and support sustainable product design, such as Colgate’s one-of-a-kind recyclable toothpaste tube;
- Pollution prevention and control measures that reduce waste in the production process and help eliminate plastic waste;
- Actions that improve energy efficiency in Colgate’s manufacturing and non-manufacturing operations;
- Expenditure on the production and supply of renewable energy to support our Net Zero Carbon and 100% Renewable Electricity goals;
- Measures linked to solutions that promote the sustainable management of water resources;
- Investments and expenses related to messaging and promoting sustainable habits and behavior changes, such as investing to reach two billion children with Colgate Bright Smiles, Bright Futures Ⓡ to help improve life education oral hygiene and wellness and the Colgate “Save Water” program; and
- Accelerate socio-economic progress and empowerment to improve diversity, education, health and well-being in the communities where we live and work.
The book co-managers of the offer are Citigroup Global Markets Limited and Banco Bilbao Vizcaya Argentaria, SA
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Sustainability Bonds or any other security, nor will there be any sale of the Sustainability Bonds in a state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification under the securities laws of such state or jurisdiction. The offering was made only by way of a prospectus supplement and accompanying prospectus filed as part of a valid pre-registration statement filed with the State Securities and Exchange Commission (SEC) United on Form S-3. Copies of the prospectus supplement and accompanying prospectus can be obtained by calling Citibank Global Markets Limited toll-free at 1-800-831-9146 or Banco Bilbao Vizcaya Argentaria, SA collect at + 34-91-537- 9330.
This press release is addressed only (a) in the European Economic Area to qualified investors (within the meaning of Regulation (EU) 2017/1129 (as amended, the “Prospectus Regulation”) and (b) in the United Kingdom , to investors (within the meaning of the Prospectus Regulation as it forms part of UK domestic law under European Union (Withdrawal) Law 2018 (as amended)) who are also persons (i) who have professional experience in matters relating to investments under section 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 of the United Kingdom (the “Order”), (ii) who are high net worth entities and other persons falling under Article 49 of the Order and (iii) to whom it may be otherwise lawfully communicated.This press release must not be used or relied upon by persons in the Space European economy or in the United Kingdom not falling within the categories described in this p paragraph.
About Colgate Palmolive
Colgate-Palmolive Company is an innovative and caring growth company that is reinventing a healthier future for everyone, their pets and our planet. Focused on oral care, personal care, home care and animal nutrition, the company sells its products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA Skin, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. The Company is recognized for its leadership and innovation in promoting environmental sustainability and community well-being, including its achievements in water conservation, waste reduction, promoting recyclability and improving children’s oral health through its Bright Smiles program, Bright Futures, which has reached over 1.3 billion children since 1991. For more information on Colgate’s global business and how the company is building a future that makes you smile, visit www.colgatepalmolive.com. CL-C
This press release, including our 2025 Sustainability and Social Impact Strategy, contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the SEC in its rules, regulations and news releases. These statements are made based on the opinions and assumptions of Colgate to date, and Colgate assumes no obligation to update such statements, except as required by law. Colgate cautions investors that these forward-looking statements are not guarantees of future performance and that actual events or results may differ materially from such statements due to a number of factors. For more information on factors that could affect Colgate’s business and cause actual results to differ materially from forward-looking statements, see our filings with the SEC (including, but not limited to) ” limit the information set out under the headings “Risk factors” and “Cautionary statement on forward-looking statements” in the company’s annual report on Form 10-K for the year ended December 31, 2020 and the reports quarterly on form 10-Q).
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SOURCE: Colgate-Palmolive Company
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PUB: 03/11/2021 18:10 / DISC: 03/11/2021 18:11