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Pandora Issues Rare Sustainability-Linked Bond Tied to Gender Diversity Goals

The jewellery giant is adopting a fresh approach to a framework traditionally focused on environmental targets — agreeing to pay a roughly 2 million-dollar penalty if it falls short of its gender diversity goal.
Pandora's new green bond is tied to its gender diversity target of 44 percent women in leadership by 2028.
Pandora's new green bond is tied to its gender diversity target of 44 percent women in leadership by 2028. (Pandora)

In an uncommon move, Pandora has become one of only a few global companies to raise debt against its ability to meet gender diversity targets.

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Further Reading

How Creative Direction at Pandora Is Evolving

Central to global jewellery brand Pandora’s growth strategy is a creative process that leverages customer behaviour and more sustainable innovation. BoF hears from creative directors Francesco Terzo and A. Filippo Ficarelli to understand their ambitions.

About the author
Sheena Butler-Young
Sheena Butler-Young

Sheena Butler-Young is Senior Correspondent at The Business of Fashion. She is based in New York and covers workplace, talent and issues surrounding diversity and inclusion.

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