Danske and Nordea behind bond issuance to encourage more female executives at Danish jeweler

Danske Bank and Nordea are two of the players behind a new sustainability bond issued by Pandora - a loan that will be cheaper if the Danish jeweler meets its carbon and equality targets.
Pandora must reach a target of at least 44% women in management by 2028 - otherwise it will mean extra interest on the bond that the jewelry group has just issued. | Photo: Gøril Huse / HandelsWatch
Pandora must reach a target of at least 44% women in management by 2028 - otherwise it will mean extra interest on the bond that the jewelry group has just issued. | Photo: Gøril Huse / HandelsWatch
by MARKETWIRE

Danish jeweler Pandora risks having to pay up to EUR 5m in penalty interest if its 2028 targets for more women in management and a reduction in CO2 are not met.

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