{"id":14533,"date":"2023-11-23T15:40:17","date_gmt":"2023-11-23T15:40:17","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14533"},"modified":"2023-11-23T15:40:18","modified_gmt":"2023-11-23T15:40:18","slug":"ericsson-issues-inaugural-e500-million-green-bond-to-fund-network-energy-efficiency-initiatives","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/ericsson-issues-inaugural-e500-million-green-bond-to-fund-network-energy-efficiency-initiatives\/","title":{"rendered":"Ericsson Issues Inaugural \u20ac500 Million Green Bond to Fund Network Energy Efficiency Initiatives"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14533\" data-postid=\"14533\" class=\"themify_builder_content themify_builder_content-14533 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Information and communication technology company Ericsson announced today the completion of its inaugural green bond issuance, raising \u20ac500 million to investments in energy efficiency initiatives.<\/p>\n\n\n\n<p>The bond offering follows the launch, in December 2022, of Ericsson\u2019s Green Financing Framework, with eligible categories for use of proceeds for green bond issuances outlined in the framework including Energy Efficiency and Renewable Energy. In a statement released announcing the green bond deal, Ericsson said that proceeds from the issuance would be exclusively allocated to investments in energy efficiency.<\/p>\n\n\n\n<p>Carl Mellander, Ericsson\u2019s CFO, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe successful placement of this green bond confirms the market confidence in Ericsson\u2019s long-term competitiveness and in our strong sustainability ambitions. Issuing the bond is a direct consequence of our work to fully integrate sustainability into our finance operations, including last year\u2019s launch of our Green Financing Framework.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Ericsson set a goal in 2021 to reach net zero emissions in its value chain by 2040, with an interim target to halve value chain emissions by 2030. The vast majority \u2013 more than 90% \u2013 of the company\u2019s emissions footprint is derived from downstream Scope 3 activities, primarily from energy used in the networks delivered to the company\u2019s Communication Services Provider (CSP) customers.<\/p>\n\n\n\n<p>According to Ericsson\u2019s green financing framework, energy efficiency investments funded by green bonds will target digitalization solutions, including include financing capital expenditures, R&amp;D and customer finance loan and lease contracts to modernizations and upgrade of existing 4G, 5G and 6G and supporting technologies that lead to a reduced energy consumption of at least 35% compared to previous generation.<\/p>\n\n\n\n<p>Mellander added:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe proceeds raised will support R&amp;D investments in enhanced energy performance in both existing and future solutions. This will strengthen operators\u2019 competitiveness and enable further societal climate action through solutions made possible by mobile connectivity.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Information and communication technology company Ericsson announced today the completion of its inaugural green bond issuance, raising \u20ac500 million to investments in energy efficiency initiatives. The bond offering follows the launch, in December 2022, of Ericsson\u2019s Green Financing Framework, with eligible categories for use of proceeds for green bond issuances outlined in the framework including [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14534,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ericsson Issues Inaugural \u20ac500 Million Green Bond to Fund Network Energy Efficiency Initiatives - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/ericsson-issues-inaugural-e500-million-green-bond-to-fund-network-energy-efficiency-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ericsson Issues Inaugural \u20ac500 Million Green Bond to Fund Network Energy Efficiency Initiatives - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Information and communication technology company Ericsson announced today the completion of its inaugural green bond issuance, raising \u20ac500 million to investments in energy efficiency initiatives. 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