Intel Reinforces Sustainability Commitment with Inaugural $1.25 Billion Green Bond Offering
By siliconindia | Wednesday, 03 August 2022, 16:39 IST
Intel today announced the pricing of its inaugural green bond issuance, totaling $1.25 billion. The net proceeds of the green bond offering will be used to fund eligible projects in six key areas that support Intel’s sustainability goals, including green buildings, energy efficiency, circular economy and waste management, greenhouse gas emissions reductions, water stewardship, and renewable electricity. The green bond is part of a $6 billion overall debt public offering, and the proceeds from the remainder of the offering will be used for general corporate purposes including but not limited to the refinancing of outstanding debt, funding for working capital, and capital expenditures.
This green bond is intended to fund advancements in Intel’s environmental sustainability goals through projects that meet defined eligibility criteria. Intel has published its green financing framework, which details the eligible projects within each of the six key sustainability areas. The framework also reinforces the company’s history of corporate responsibility and its long-standing commitment to creating a more responsible, inclusive, and sustainable world, enabled through technology and the expertise and passion of its employees.
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