Ericsson, the information and communication technology company, has successfully completed its first green bond issuance, raising €500 million for investments in energy efficiency initiatives. This follows the launch of Ericsson’s Green Financing Framework in December 2022, specifying eligible categories for green bond proceeds, with a focus on Energy Efficiency and Renewable Energy. The CFO, Carl Mellander, highlighted that the bond’s success reflects market confidence in Ericsson’s long-term competitiveness and sustainability goals. The funds from the green bond will be exclusively allocated to energy efficiency investments, supporting Ericsson’s 2021 goal to achieve net-zero emissions in its value chain by 2040. The company aims to halve value chain emissions by 2030, primarily addressing downstream Scope 3 activities. Investments from the green bonds will target digitalization solutions, contributing to a minimum 35% reduction in energy consumption compared to previous generations. Mellander emphasized that the raised proceeds will support R&D for enhanced energy performance, strengthening operators’ competitiveness and facilitating societal climate action through mobile connectivity solutions.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}