Mastercard issues $600m sustainability bond to help finance net-zero transition
Mastercard has issued a $600m sustainability bond and is planning to use proceeds to further its alignment with the UN s Sustainable Development Goals (SDGs) and deliver its 2050 net-zero pledge.
Mastercard built on its SDG-aligned sustainability strategy last year with new climate targets
The business said in a statement that the Sustainability Financing Framework that will be used to allocate bond proceeds has been verified externally by Sustainalytics, in line with the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Green Loan Principles – all frameworks designed to unify best-practice in this space.