Reportedly, Verizon Communications, Inc. (VZ) released its Green Bond Impact Report stating the full allocation of $1 billion of net proceeds from its second green bond. Verizon is the only U.S. telecommunications company to complete the full allocation of two green bonds. In February 2019, it became the first U.S. telecom company to issue a green bond, followed by a second one in September 2020.
The company allocated the net proceeds of its second green bond entirely to virtual power purchase agreements for renewable energy projects for approximately 1 gigawatt (GW) of new renewable energy generating capacity across seven states with 83 percent in solar energy generating capacity and 17 percent is wind energy generating capacity.
Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.
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