EEW: First green bond issued by a thermal waste recovery firm
“The response was overwhelming. Investors are impressed by the group’s commitment to sustainability. We are very happy that our vision for the circular economy and resource conservation has now been rounded out on the financing side,” commented Markus Hauck, Chief Financial Officer and member of the Management Board of Energy from Waste GmbH (EEW), on the successful issuance of the company’s first green bond.
The focus was on the company’s sustainability strategy, which is already actively implemented, and its contribution to environmental protection. EEW’s innovative strength in this area was also very well received by international investors.
“We are very proud to have achieved this outcome,” said Markus Hauck, speaking on behalf of his fellow Management Board members Bernard M. Kemper and Dr Joachim Manns. Hauck added: “It clearly underscores that investors have confidence in EEW’s strategic alignment as an essential element of a sustainable circular and resource economy. We will primarily use the proceeds from this bond for sustainable investments in the circular economy and the energy efficiency of our plant network.” With the world’s first and very successful green bond issued by a thermal waste recovery company, the international finance market also sent an important signal on behalf of the entire industry to society and policymakers.
Globally, thermal waste recovery is the most sustainable treatment method for waste which cannot be mechanically or sustainably recycled – because this waste can be used to produce green energy for regional customers.