Accor announces the success of “Sustainability-Linked Bond”

Monday, November 22, 2021

Accor announced the success of its inaugural Sustainability linked bond indexed to the group’s sustainable development goals for an amount of $700 million, with a coupon of 2.375%. The transaction demonstrates the investor’s commitment to sustainable finance and recognizes Accor’s sustainable development ambition.

The transaction illustrates the Group’s ambition to accelerate its transition to sustainable growth along with stepping up its commitment to reduce greenhouse gas emissions and asserting its environmental and social values by involving the entire value chain.

The bonds indexed to the group’s greenhouse gas emission reduction targets 25.2% for scopes 1 and 2 and 15.0% for scope 3- by 2025 versus 2019. The framework defined its issues designed to enable future bond issues in a sustainability-linked format. CA-CIB and HSBC acted as Global Coordinators and book-runners for the issue.

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