American Express Issues Inaugural ESG Bond
May 04 2022 - 11:47AM
Dow Jones News
By Stephen Nakrosis
American Express Co. said Wednesday it settled its inaugural
Environmental, Social and Governance bond on May 3.
Proceeds from the $1 billion bond will be allocated to projects
in the green and social categories in line with the company's newly
developed American Express Sustainable Financing Framework, it
said.
Green category projects include green buildings, energy
efficiency improvements and renewable energy, among others,
American Express said. Those in the social category include
initiatives connected to socioeconomic advancement and empowerment,
access to essential services, and affordable housing, the company
said.
American Express said all net proceeds from the sustainable
financing are expected to be fully allocated within two years of
the date of issuance.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 04, 2022 11:32 ET (15:32 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
American Express (NYSE:AXP)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Express (NYSE:AXP)
Historical Stock Chart
From Apr 2023 to Apr 2024