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Ericsson Successfully Raises €500 Million in Inaugural Green Bond for Energy Efficiency Initiatives

ESGEricsson Successfully Raises €500 Million in Inaugural Green Bond for Energy Efficiency Initiatives

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

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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