Ericsson has established a Green Financing Framework in order to issue green bonds and other green financing instruments. Ericsson will use the proceeds for investments in energy efficiency and renewable energy.
Ericsson has developed the framework in accordance with the 2021 ICMA Green Bond Principles (GBP). CICERO Shades of Green, a Norway-based institute for interdisciplinary climate research and a leading global provider of assessments related to green and sustainable financing, has acted as second party opinion provider.
Carl Mellander, Ericsson’s CFO, says: “Proceeds raised will include capital expenditures and R&D investments in enhanced portfolio energy performance in our existing 4G and 5G offerings as well as future 6G solutions. Extending our leadership in energy efficiency is a key priority for Ericsson and of strategic importance for our operator customers.”
Heather Johnson, VP of Sustainability and Corporate Responsibility, says: “Investments based on this framework will help drive the development and deployment of energy-efficient technology that support the Net Zero ambition not only in our own industry but enables the digital and green transition across industries and society.”