Ericsson Makes Green Financing Framework
December 26, 2022
Ericsson has established a
Green Financing Framework to enable the company to
issue green bonds and other green financing instruments. The proceeds will be
exclusively allocated to investments in energy efficiency and renewable energy.
The framework has been developed 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
Mellander, Ericsson’s CFO, says: “This framework is part of our overall ambition
in sustainable finance, and complements our existing sustainability linked
Revolving Credit Facility. Proceeds raised under the framework 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: “This
framework is a concrete step in further embedding sustainability across the
company, in this case strengthening our climate action and financial activities.
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.
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