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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.

Pandora is expanding, having pledged to open at least 100 new stores in 2023.

Photographer: Carsten Snejbjerg/Bloomberg
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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.