Owens-Illinois (O-I) is going to issue a Green Bond. It is, in its own words, the first company in the packaging sector and it strengthens its commitment to sustainability in global production activities and glass packaging.
In support of the bond edition, O-I developed a Green Bond Framework. It describes which sustainable strategy and objectives the organisation uses, and which types of investments it pursues from a sustainability perspective.
The company will release an amount equal to the net yields of the bond offer to (re)finance a variety of new and existing Eligible Green Projects created in the three years prior to the issuance of the green bond and in the three years following. The “eligible green projects” in which O-I will invest, are described in the Green Bond Framework.
