Natura and Co, the parent company of The Body Shop, Avon, and Aesop, has announced the completion of an international fundraising effort of $1bn (£718m) in bonds attributed to sustainability goals.
According to the group, the funds will be put towards refinancing existing debt, as part of the group’s liability management plan to improve its capital structure.
Natura Cosméticos S.A, the company’s subsidiary, carried out the issue, alongside Natura & Co Holding S.A. as its guarantor.
The group is now committed to meeting its two environmental performance indicators by the end of 2026, which includes reducing scopes of relative greenhouse gas (GHG) emissions intensity by 13% and reaching 25% of post-consumer recycled (PCR) plastic in plastic product packaging.
Roberto Marques, the executive chairman of the company’s board of directors and group CEO, said: “The successful raising of US $1 billion in bonds linked to sustainability targets is a milestone for Natura & Co and for Natura, and is the largest-ever single SLB issuance by a Brazilian issuer.
“The strong demand for the securities is a recognition by the market of the Group’s solid capacity to deliver social, environmental and financial results.”
He added: “Natura already has a long and consistent history of commitment to sustainability and is now taking a further step connecting and aligning financial and environmental targets.”