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.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.
