Post by account_disabled on Feb 22, 2024 6:47:05 GMT
The multinational financial services company has launched its first green bond, priced at $500 million. The green bond is believed to be the first issuance by a digital payments network and will mature in August 2027. According to edie , the bond will be used to finance a series of projects designed to reduce Visa's greenhouse gas (GHG) emissions, including building upgrades, energy efficiency plans and renewable energy. Regarding the latter, Visa met its 2020 goal of using 100% renewable energy across its global operations in January and is now seeking to install more on-site arrays and forge additional power purchase agreements (PPAs), which it believes preferable to modifying rates or purchasing certificates, which do not guarantee additional capacity facilities. A portion of the funds raised by the bond will also go toward water efficiency projects, such as waterless cooling, water reuse systems and low-flow fixtures, as well as programs aimed at minimizing emissions from employee travel. Visa's efforts to drive behavioral change outside of its operations will also accelerate thanks to the bonus. Visa will report annually on the use of bond proceeds, and the company will be responsible for tracking the positive environmental impact of all projects financed in this way.
This information will be examined by a third party, to ensure that the bond complies with Visa's green bond framework and ICMA's green bond principles. To coincide with the launch of the bonus, Visa has appointed its first chief sustainability officer. Douglas Sabo has served within the company's responsibility and sustainability functions for more than 12 years, most recently as its vice president and head of SR and philanthropy. The green bond would “drive inclusive economic growth,” forming part of Visa’s mission to “ensure people and the planet can prosper together.” Green Bond Bulgaria Mobile Number List Global green bond issuance reached an all-time high last year both in terms of individual bonds issued and collective value issued. According to LinkLaters, $185.6bn (£141.7bn) of green bonds were issued in 2019, compared to $142.4bn in 2018. The top green corporate bonds launched in 2019 came from companies such as Apple and PepsiCo. The pandemic appears to have put a renewed focus on ESG or impact investing, particularly the “social” aspect. JP Morgan recently surveyed investors at 50 global institutions, representing a total of trillion in assets under management, on how they expect COVID-19 to impact the future of ESG investing. 71% said they were likely to accelerate action. In recent weeks, West Berkshire Council and Google parent company Alphabet Inc. have launched green, or sustainability, bonds. Alphabet says its $5.75 billion sustainability bond package is the largest launched by a corporation to date.Constellation Brands. 6. Sustainability in its DNA Constellation Brands is a company that is based on agriculture and that is why it seeks to minimize its environmental impact.
Being smarter and more efficient with our use of resources is simply the right thing to do, both for the environment and for our end products. Next, we leave you this video that compiles some of the company's efforts in terms of water use, carbon, solar energy, waste and more. Even in terms of production, its brewery in Nava, Mexico, changed the boilers from oil to natural gas. This decreased nitrogen oxide emissions by 83%. The brewery's zero-emission warehouse hoists save more than 100,000 liters of diesel, equivalent to 263 tonnes of CO2 emissions per day. 7. Give back For Constellation Brands, the health, safety and well-being of each of its collaborators has always been a priority. During this pandemic, the brand developed action guides to be implemented in each of the locations where it has a presence. With this, they seek to help mitigate infections in the company and in the communities, in addition to ensuring operational continuity in each of the breweries. The brand, based on its priorities, has sought a way to contribute positively to the environment, and to find a way to get your favorite drink home with the least impact. S