Ahold Delhaize invests in sustainable products, reduces climate impact and promotes healthier eating using funds raised with Sustainability Bond

Zaandam, the Netherlands, June 30, 2020 - Ahold Delhaize today announces that the full proceeds of the companya??s firstA Sustainability Bond have been used to support the increased consumption of sustainably sourced products, further reduce the companya??s climate impact and increase sales of healthier products. The transaction made Ahold Delhaize the first retailer to issue a euro-denominated Sustainability Bond, highlighting the companya??s commitment to accelerate the transition to sustainable food systems.Ahold Delhaize raised a?¬600 million in June last year through the issuance of a Sustainability Bond maturing on June 26, 2025, in line with its Sustainability Bond Framework. Sustainalytics, an independent provider of Environmental, Social and Governance research and ratings, delivered a second-party opinion on the Framework and an Annual Review of the subsequent Sustainability Bond Report. Both are available on Ahold Delhaizea??sa??website.a??Through this first experience in connecting our health and sustainability ambitions with company financing, we learned there are many investors who are both eager to support the transition to a more sustainable food future and share with us their learnings. Those learnings informed our recent sustainability actions, and wea??re very optimistic about future potential for sustainability-linked financinga??, said Miguel Silva Gonzalez, Senior Vice President & Treasurer of Ahold Delhaize.The largest portion of the proceeds a?? a?¬432 million a?? were used to further expand sourcing of sustainable seafood, coffee, tea, and cocoa. In addition, some of the proceeds were allocated to the production cost of the a??Urban Farma?? on the roof of a Delhaize Belgium store.Furthermore, a?¬161m was invested in renewable energy installations, energy efficient equipment, refrigeration improvements, and green buildings. Specific projects included the installation of LED lighting, heat reclaim systems, CO2 refrigeration systems, energy efficient doors on refrigerated cases, and solar panels in distribution centers, stores and offices.
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