Ericsson Issues €500 Million Green Bond to Advance Energy Efficiency

Ericsson Issues €500 Million Green Bond to Advance Energy Efficiency

(IN BRIEF) Ericsson, a leading communications technology company, has successfully issued a €500 million green bond with a 4.5-year maturity. The bond, part of Ericsson’s Euro Medium Term Note Program (EMTN), will fund investments in energy efficiency. Ericsson’s CFO, Carl Mellander, highlighted that the bond placement reflects market confidence in the company’s long-term competitiveness and sustainability goals. The Green Financing Framework, developed in accordance with the 2021 ICMA Green Bond Principles, ensures that bond proceeds will be used exclusively for energy efficiency and renewable energy investments. The issuance was supported by joint bookrunners Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank, and SEB.

(PRESS RELEASE) STOCKHOLM, 23-Nov-2023 — /EuropaWire/ — Ericsson (NASDAQ: ERIC), a Swedish multinational networking and telecommunications company, has successfully issued a €500 million green bond with a maturity of 4.5 years. The bond was launched as part of Ericsson’s Euro Medium Term Note Program (EMTN) and marks the company’s continued expansion in the Eurobond market. The funds raised from the green bond will be dedicated to investments in energy efficiency.

During a well-attended roadshow, Ericsson outlined its business strategy and its alignment with the company’s environmental, social, and governance (ESG) targets. Carl Mellander, Ericsson’s CFO, emphasized the significance of the bond placement, highlighting market confidence in Ericsson’s long-term competitiveness and sustainability commitments.

The issuance of the green bond is a result of Ericsson’s efforts to integrate sustainability into its financial operations, including the introduction of its Green Financing Framework. The framework adheres to the 2021 ICMA Green Bond Principles (GBP) and ensures that the bond proceeds will be used exclusively for energy efficiency and renewable energy investments. CICERO Shades of Green, a prominent global evaluator of green and sustainable financing, provided a second-party opinion.

The joint bookrunners for the bond issuance were Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank, and SEB. Detailed information about Ericsson’s Green Financing Framework and the second-party opinion can be found on the company’s website.

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MORE INFORMATION AT:
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ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

SOURCE:  Telefonaktiebolaget LM Ericsson