Our green bonds are key to financing our efforts to meet our net zero and renewable energy goals. Since 2019, Verizon has issued two green bonds totaling $2 billion, the net proceeds of which have been allocated primarily to finance, in whole or in part, VPPAs for new renewable energy projects.
February: Verizon becomes the first U.S. Telecom to issue a green bond raising nearly $1 billion in net proceeds
February: Verizon releases first green bond allocation report July: Verizon fully allocates net proceeds of the first green bond September: • Verizon issues second green bond, raising nearly $1 billion in net proceeds • Verizon selects diversity, equity and inclusion (DEI) firms as lead underwriters for its second green bond • Verizon issues Green Financing Framework aligned with the 2018 ICMA Green Bond Principles December: Verizon finalizes VPPAs for nearly 1.7 GW of renewable energy capacity
July: Verizon fully allocates the second green bond entirely to VPPAs for new renewable energy projects