Intel Completes the Allocation of USD 425 Million in Green Bond Proceeds, Continuing to Strengthen Sustainable Development
【Lansheng Technology Information】Intel's first "Green Bond Impact Report" shows that the proceeds of this green bond will be used to invest in the company's sustainable operations, covering pollution prevention and control, water resources management, energy efficiency, renewable energy, recycling Projects related to the five sustainable development areas of economics and waste management.
Intel's Green Bond provides financial support to projects that meet specified criteria to support Intel's advancement of environmental sustainability goals. For example, the proceeds of the green bond are used to invest in Intel's water reclamation facility, which allows Intel to treat and reuse water in the facility's systems while saving water for manufacturing. Proceeds from green bonds are also used to invest in point-of-use (POU) abatement installations, thereby reducing greenhouse gas (GHG) emissions. These projects are estimated to help Intel avoid 5.3 million metric tons of greenhouse gas emissions, save 4.5 billion gallons of water, and divert 56,000 tons of waste from landfill in 2021 and 2022. These projects will continue to play an important role in the future.
These investments are designed to support Intel's long-term sustainability commitments, including 100 percent renewable energy use, 100 percent water utilization and zero waste in global operations and manufacturing by 2030; Net zero greenhouse gas emissions; achieve net zero upstream greenhouse gas emissions by 2050. By the end of 2022, Intel's global operations will use 93% renewable electricity, fully utilize water resources in the United States and India, and only 6.4% landfill waste.
Intel will continue to update the Green Bond Impact Report in 2024 to further introduce investments in sustainable development.
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