EABL lays the ground for a sustainability-linked bond

East African Breweries Limited (EABL) Group Chief Financial Officer (CFO) Risper Ohaga during the brewer's half year results on January 27, 2023.

Photo credit: File | Nation Media Group

East African Breweries Plc (EABL) is integrating International Financial Reporting Standards for Sustainability (IFRS S1 and S2) into its reporting framework as it plans to go to market with a sustainability-linked debt facility in the medium to long-term.

A sustainability-linked bond refers to a debt instrument issued by an organisation with the proceeds dedicated purely to meeting defined green or environmentally friendly objectives that are in line with growing efforts to mitigate the adverse effects of climate change.

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