American express issues inaugural $1 billion esg bond

New york--(business wire)--american express company (nyse: axp) today announced the settlement of the company's first environmental, social, and governance (esg) bond on tuesday, may 3. the use of the net proceeds of the $1 billion bond may be allocated toward sustainable financing projects in the green and social categories as directed by the newly developed american express sustainable financing framework, which is aligned with the company's global esg strategy. projects in the green category
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