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Logistics market leader DPL changes all of its funding to green bonds with the assistance of Chartered Investment
01. March 2023 | Medienmitteilung

Logistics market leader DPL changes all of its funding to green bonds with the assistance of Chartered Investment

Deutsche Paletten Logistik issues two green bonds structured by Chartered Investment and pledges to adhere to a stringent sustainability course. Hendrik Leber (ACATIS Investment), a renowned fund manager, invests tens of millions.

Düsseldorf/Soest, 01 March 2023 – Deutsche Paletten Logistik (DPL), a global leader in the logistics industry, has matched its financing structure with sustainability. With the assistance of financial engineering expert Chartered Investment, the company is issuing two “green bonds” that meet the strictest standards for CO2 reduction, the circular economy and resource conservation. The DPL Green Bond 2026 (DE000A3K9GQ3) and the DPL Green Bond 2030 (DE000A3K9GP5), each with a maximum volume of EUR 150 million, are aimed at institutional investors with a denomination of EUR 125,000, have a coupon rate of 5.5% and are traded on Düsseldorf Stock Exchange.

“Since our foundation, sustainability has been a core concept and guiding philosophy. Our dynamic and market-recognised logistics solutions are continually evolving by boosting both density and the sustainability of our processes. We optimise supply chains on an ongoing basis and pay close attention to materials and resources. With Green Bonds, we are now also financing our operations and purchasing of pallets sustainably. This is a major move not only for us, but also in consideration of our clients’ ESG criteria”, Horst Gutzeit, founder and CEO of DPL, pointed out.

A team from DPL has now formulated these concepts into a set of guidelines, which DNV has examined for conformance with the ICMA Green Bond Principles. The emphasis is on four core components: use of proceeds, process for project evaluation and selection, management of proceeds, and reporting. The proceeds from the issue will be used, among other things, to acquire new load carriers that will be added to DPL’s pooling system.

“Jointly with DPL, we have compiled a comprehensive product that is consistent, innately logical, and of excellent quality. These green bonds exceed the highest criteria in the field of sustainability, which is becoming increasingly vital for investors”, said Daniel Maier, CEO of Chartered Investment.

Hendrik Leber, General Manager of ACATIS Investment KVG, a significant anchor investor that subscribed to DPL’s new Green Bonds for precisely this reason, confirms this: “We are pleased when you can invest sustainably and profitably. We realise the first objective with the funding of sustainable wood pallets in the circular economy, and the second objective with a return of 5.5%. Due to our previous positive experiences with DPL and Chartered, we have now expanded our investment to EUR 30 million.”