Verizon Communications Inc. has emerged as a green-bond heavyweight in the U.S., using its vast network to raise another $1 billion to add more renewable energy to the electricity grid.
The telecom giant’s green-bond financing now stands at $3 billion and counting, with more programmatic issuance expected as Verizon VZ, -0.86% works toward its goal of sourcing 50% of its annual electricity consumption from renewable energy by 2025, and to be net-zero in emissions by 2035.
“Our strategy has been very clear, very straightforward,†said....More>>>