Ericsson Establishes Green Financing Framework to Invest in Energy Efficient Technologies

Ericsson enables communication service providers and enterprises to capture the full value of connectivity, and at the same time, the vendor is also trying to be environmentally sustainable, considering the technology it builds and develops across the world.

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As part of the same, 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 energy efficiency and renewable energy investments.

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Based on ICMA Green Bond Principles

The framework was created following the ICMA Green Bond Principles of 2021. CICERO Shades of Green, a major global provider of evaluations relating to green and sustainable financing with its headquarters in Norway, served as the second-party opinion provider.

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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. 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.”

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