World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 10-year AUD 35 million Sustainable Development Bond due September 2030 as it continues to engage with investors to highlight the importance of mitigating food loss and waste. HSBC Bank plc is the sole underwriter of the bond.
World Bank bonds support the financing of sustainable development projects and programs in member countries across a range of sectors in line with its mission to end extreme poverty and promote shared prosperity. This includes projects that address food loss and waste, with investments in infrastructure, access to markets and logistics, and waste management. Reductions in food loss and waste can deliver diverse dividends, including combatting hunger, supporting sustainable food production, diets and consumption, and ultimately in addressing climate change, given that losses and waste accounts for eight percent of annual global greenhouse gas emissions.