The four-and-a-half year bond, due 19 December 2018, was a first for Unilever, the first green bond in the sterling market and also the first to be issued by an FMCG company. Proceeds are being used on projects linked to greenhouse gases, water and waste targets in the Unilever Sustainable Living Plan.
DNV GL developed a Green Sustainability Bond framework which provides clarity and transparency around the Environmental and Use of Proceeds criteria. Together these criteria meet the guidance given in the Green Bond Principles (comprising Voluntary Process Guidelines for Issuing Green Bonds dated 13 January 2014) that there should be a robust process and disclosure by an issuer to facilitate understanding of the characteristics of a bond by investors and others in this area.
This is the second Unilever Green Sustainability Bond Report for the year to 31st December 2015.
Please see here for DNV GL Assurance Statement 2016 >