Jewelry Maker Pandora Targets Recycled Gold
- Target includes use of only recycled gold and silver by 2025
- Company’s offering part of efforts to cut reliance on loans
Pandora is expanding, having pledged to open at least 100 new stores in 2023.
Photographer: Carsten Snejbjerg/BloombergThis article is for subscribers only.
The world of ethical debt has reached the high-street jewelry market. Denmark’s Pandora A/S offered a sustainability-linked bond that includes a target to use 100% recycled silver and gold by 2025.
The jewelry maker on Friday sold a debut €500 million ($531 million) sustainability-linked bond with a five-year maturity, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.