Ericsson Establishes Green Financing Framework

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by KnowESG,

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Ericsson has developed a Green Financing Framework to make it easier for green bonds and other forms of green financing to be issued. All of the money raised will go toward renewable energy projects.

The framework has been set up in compliance with the 2021 ICMA Green Bond Principles (GBP). CICERO Shades of Green, a Norwegian institute for multidisciplinary climate research and a prominent global provider of green and sustainable funding assessments, served as a second-party opinion provider.

Carl 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. With the money raised through the framework, we will make capital investments and invest in research and development to improve the energy efficiency of our 4G, 5G, and future 6G offerings. 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 supports the Net Zero ambition not only in our own industry but enables the digital and green transition across industries and society."

For more sustainable finance news

Source: PRNewswire

Learn more about Ericsson's Green Financing Framework here.

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