Verizon Completes Final Allocation of Second Green Bond Proceeds

In 2019, Verizon became the first U.S. telecom company to issue a green bond. The bond offering raised almost $1 billion in net proceeds for project categories such as renewable energy and energy efficiency. In July 2020, the initial offering had been allocated in full.?

In September 2020, Verizon issued its second green bond, raising nearly $1 billion in net proceeds for renewable energy projects. Verizon selected diversity, equity and inclusion (DEI) firms as lead underwriters for its second green bond.?

On August 26, 2021, Verizon issued its Green Bond Impact Report reporting the full allocation of the second green bond entirely to virtual power purchase agreements (VPPAs) for new renewable energy projects.??

Minimizing Verizon’s environmental impact, achieving operational efficiencies and benefiting the communities we serve were all key drivers to issuing the green bonds. In less than two years, Verizon has become one of the leading corporate buyers of renewable energy in the U.S., entering into fourteen VPPAs totaling nearly 1.9 gigawatts (GW) of renewable energy capacity.

Project details are included in the Green Bond Impact Report.

So proud to be part of the Verizon team that has responsible business as a top strategic priority. #ForwardTogether #Verizon #Sustainability

https://www.verizon.com/about/news/verizon-second-1-billion-green-bond