Maersk announced that it has successfully completed its first 10-year green bond of $564 million, which will be used to finance construction of the first methanol-fueled feeder ship and eight methanol-fueled transoceanic hybrid container ships by 2023 and 2024.
Maersk said the offer is the first investment under the newly developed Green Finance Framework, which is designed to allow the company to issue a variety of sustainable finance instruments in the future, which may include additional bonds, loans, project finance and other instruments. The company reported that by establishing the new Green Finance Framework, it plans to align its financing strategy with its goal of being carbon neutral by 2050.
Source: Transmedia.com
