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

Introduction

On September 30, 2020, German multinational sporting goods company Adidas AG (Adidas) announced that it had issued its first sustainability bond of € 500 million with a term of 8 years and a coupon of 0.00%. The bond issuance was part of Adidas’s long-time sustainability roadmap. Adidas announced that the proceeds from the offering would be used as per its ‘Sustainability Bond Framework,’ which specified the projects to which the bond proceeds would be directed..

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