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HENKY Henkel AG and Company KGAA (PK)

19.61
-0.13 (-0.66%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Henkel AG and Company KGAA (PK) USOTC:HENKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.13 -0.66% 19.61 19.20 19.90 19.6486 19.49 19.50 65,978 21:04:15

Deutsche Bank Links Henkel Supply-Chain Financing To ESG Criteria

19/05/2022 6:29pm

Dow Jones News


Henkel AG and Company KGAA (PK) (USOTC:HENKY)
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By Maitane Sardon

 

Deutsche Bank AG said Thursday that it had linked Henkel's supply-chain finance program to the sustainability ratings of the German consumer goods company's suppliers.

The program aims to give suppliers an incentive to adopt more environmentally friendly practices by giving them discounts on financing costs if they improve their ESG rating, Deutsche bank said.

For companies, reducing their overall emissions involves cutting those associated with their suppliers and customers, which can often make up most of a firm's carbon footprint.

The bank aims to expand the program, which it said is the first of its kind, to suppliers outside of Europe.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

May 19, 2022 13:14 ET (17:14 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Henkel AG and Company KGAA (PK) Chart

1 Year Henkel AG and Company KGAA (PK) Chart

1 Month Henkel AG and Company KGAA (PK) Chart

1 Month Henkel AG and Company KGAA (PK) Chart

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