EBRD invests in Croatia’s first sustainability-linked bond

The European Bank for Reconstruction and Development (EBRD) is investing in Croatia’s first sustainability-linked bond (SLB). The €10m investment is part of a broader €40m issuance by Meritus Ulaganja d.d., a business process outsourcing company under the M+ Group umbrella. EBRD’s investment will support the group’s efforts to reduce greenhouse gas emissions by 25% by 2027. It is Croatia’s first SLB issuance. Victoria Zinchuk, EBRD director for Croatia, said: “M+ Group’s sustainability-linked bond is a milestone for Croatia as the first instrument of its type issued locally. By issuing this bond, which underpins an ambitious sustainability strategy, the group signals its strong commitment to reducing its carbon footprint, as well as to promoting gender equality in the workplace. We are proud to support M+ Group in its sustainability journey.”