Corticeira Amorim SGPS S A : issues €40 million in Green Bonds
January 14, 2021 at 10:56 am EST
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Corticeira Amorim issues €40 million in Green Bonds
28/12/2020
BancoBPI,SA was responsible for organizing, managing the issue and providing the subscription guarantee
Corticeira Amorim issues its first Green Bonds. The bond issue, in the amount of 40 million euros, is intended to refinance a diversified set of green investments made in 2017, 2018, 2019 and 1st half of 2020 by eight companies from the five Business Units of the Corticeira Amorim Group.
BancoBPI,SA was responsible for organizing, managing the issue and providing the subscription guarantee. It will also act as paying agent. For Corticeira Amorim, this first Green Bonds issue constitutes an important milestone in its sustainability strategy, reaffirming its continued commitment to the application of ESG principles and best practices (Environmental, Social and Governance).
Corticeira Amorim SGPS SA published this content on 28 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2021 15:55:00 UTC
Tracing its roots back to the 19th century, Corticeira Amorim, SGPS, S.A. has become the world's largest cork and cork-derived company in the world, generating more than EUR 1,021 million in sales to more than 100 countries through a network of dozens of fully owned subsidiaries. With a multi-million Euro R&D investment per year, Corticeira Amorim, SGPS, S.A. has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of products, solutions and materials that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, architecture and design.
Net sales by business unit break down between Cork Stoppers (72.8%), Floor and Wall Coverings (12.5%), Composite Cork (12%), Insulation Cork (1.4%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal (7.5%), EU excluding Portugal (62.6%), Other European countries (2.4%), the United States (14.6%), America excluding the United States (7%), Australasia (4.5%) and Africa (1.4%).
Corticeira Amorim, SGPS, S.A.'s responsible approach to raw materials and sustainable production illustrates the remarkable interdependence between industry and a vital ecosystem - one of the world's most balanced examples of social, economic and environmental development.
CORTICEIRA AMORIM, SGPS, S.A. 
