Ericsson has issued its first green bond worth €500 million and a maturity of four and a half years.
A part of the ‘euro medium term note program’, the launch is an operation through which the Swedish network equipment manufacturer intends to finance its ESG projects.
Ericsson’s green financing framework enables the company to issue green bonds and other green financing instruments. Proceeds from this operation will be utilised for improving energy efficiency and renewable energy efforts.
Carl Mellander, CFO of Ericsson, said: “Issuing the bond is a direct consequence of our work to fully integrate sustainability into our finance operations. This will strengthen operators’ competitiveness and enable further societal climate action through solutions made possible by mobile connectivity.”
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