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Lilly prices first sustainability bond

By Brian Buntz | September 9, 2021

Eli Lilly and Company (NYSE: LLY) has announced its plan to issue €600 million in aggregate principal in the amount of 0.50% notes with 12-year maturity as part of its Environmental, Social and Governance (ESG) strategy.

In May, the company announced that it had updated its Environmental, Social and Governance (ESG) strategy, bolstering its investment in sustainability. The ESG strategy is based on five pillars outlined in its Sustainability Bond Framework. Those pillars including increasing access to medicines, improving lives and communities, empowering a diverse workforce, minimizing environmental impact, and operating ethically and responsibly.

“Lilly is taking another step forward in advancing our purpose of making life better for people around the world,” said Anat Ashkenazi, Lilly’s CFO, in a statement. “This sustainability bond is Lilly’s latest commitment to our ESG strategy, which is core to our mission.”

Ashkenazi took over the CFO post earlier this year.

About The Author

Brian Buntz

The pharma and biotech editor of WTWH Media, Brian is a veteran journalist with more than 15 years of experience covering an array of life science topics, including clinical trials, drug discovery and development and medical devices. Before coming to WTWH, he served as content director focused on connected devices at Informa. In addition, Brian covered the medical device sector for 10 years at UBM. At Qmed, he overhauled the brand’s news coverage and helped to grow the site’s traffic volume dramatically. He had previously held managing editor roles on two of the company’s medical device technology publications. Connect with him on LinkedIn or email at bbuntz@wtwhmedia.com.