Adidas: Sustainability Bond

Case Code: FINC210
Case Length: 11 Pages
Period: 2020-21
Pub Date: 2024
Teaching Note: Available

Price: Rs.400
Organization: Adidas AG
Industry: Textiles & Apparel
Countries: Germany
Themes: Sustainability, Environmental Sustainability

Abstract Case Intro 1 Case Intro 2 Excerpts

Excerpts

Sustainability at Adidas

Since the mid-1990s, sustainability had been a part of Adidas’ philosophy – “through sport, we have the power to change lives.”..

Sustainability Bond Framework

To take its sustainability-related initiatives forward, in 2020, Adidas introduced its Sustainability Bond Framework, based on the International Capital Market Association’s Sustainability Bond Guidelines 2018..

Sustainability Sponsor Board

Adidas constituted a Sustainability Sponsor Board with different representatives from the company..

Issue and Review

Adidas placed the bond on September 29, 2020. The bond was listed on the Luxembourg Stock Exchange in the denomination of €100,000..

Impact

Adidas used the proceeds from the bonds in accordance with the Sustainability Bond Framework. It invested the proceeds in several companies and initiatives working toward sustainable materials, processes, and community engagement..

Exhibits

Exhibit I: Sustainability Bond Guidelines, Green Bond Principles, and Social Bond Principles
Exhibit II: UN Sustainable Development Goals
Exhibit III: Adidas Sustainability Bonds: Impact on SDGs
Exhibit IV(A): Impact of Sustainability Bonds as reported in 2021
Exhibit IV(B): Impact of Sustainability Bonds as reported in 2021

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