The chemicals company has high exposure to deforestation-linked commodities like palm oil and soy, and has a poor rating from the Forest 500 initiative.
However, it has so far said nothing in bond prospectuses about the risks this exposure entails. This in spite of the incoming EU Deforestation Regulation (EUDR), which is currently due to take effect in 2025.
This latest issuance offers investors a golden opportunity to push for greater transparency and stronger commitments to deforestation-free sourcing.
