| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2240505268 |
| Industry group | Consumer Durables & Apparel |
| Aligned with SDGs |
Adidas is a German sporting goods company. It designs, develops, produces and markets athletic and sports lifestyle products which are mainly sold in EMEA, but also Africa, North America, Greater China, Asia-Pacific and Latin America. The most popular product category is sports shoes, followed by apparel and equipment - often featuring its iconic three-stripe logo. The types of sports covered include soccer, basketball, running, outdoor and training as well as lifestyle goods. The founder Adi Dassler, brother of PUMA creator Rudi, founded the company in 1924. In 2006, adidas acquired Reebok, the only non-adidas apparel brand used by the company.
Investment rationale
Global apparel production can cause significant negative environmental impact throughout its value chain. Adidas aims to limit its dependence on raw materials by increasing the use of recycled materials and increasing the use of (third-party certified) plant-based materials. The company targets 9 out of 10 articles to a significant degree to be made with environmentally preferred materials and to reduce the carbon footprint per product by 15%.
Alignment with Triodos transitions:
In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos transitions. 85.4% of proceeds is allocated to the Resource transition, 8.6% of proceeds is allocated to the Societal transition and 6.0% of proceeds is allocated to the Energy transition.
The contribution to Societal transition comes from 8.6% of proceeds allocated to Socioeconomic Advancement & Empowerment.
The contribution to Resource transition comes from 85.4% of proceeds allocated to Circular Economy.
The contribution to Energy transition comes from 6.0% of proceeds allocated to Energy Efficiency.