Investments by IT companies contributing to the global environment are active. Intel is expected to support environmental improvement goals by issuing green bonds for sustainable management, including greenhouse gas reduction and the use of renewable energy.

Intel announced on the 4th that it has issued its first green bonds worth a total of $1.25 billion.

The net proceeds from the green bond offering will be used to fund projects in six key areas that support Intel's sustainability goals: green buildings, energy efficiency, the circular economy and waste management, greenhouse gas reduction, water management, and renewable power. The green bonds announced for issuance are part of a total debt public offering worth $6 billion, and the remaining proceeds will be used for general corporate operations, such as refinancing outstanding debt, working capital, and capital expenditures.

Intel announced that the funds secured through this green bond will be used to improve Intel's environmental sustainability goals through projects that meet individual eligibility criteria.

Intel has announced the Green Financing Framework, which details corresponding projects across six major sustainability areas. This framework was developed as part of a goal to create a more responsible, inclusive, and sustainable world based on Intel's technology and expertise.

ISS ESG, the responsible investment arm of Institutional Shareholder Services (ISS), announced its support for the framework on its official website. In its 2022 corporate ESG assessment, ISS stated regarding Intel that it “demonstrates significant sustainable performance compared to other semiconductor companies regarding major ESG issues facing the semiconductor industry.”

Intel’s ongoing commitment to corporate responsibility aligns with its purpose of creating world-changing technology to improve the lives of everyone on Earth. Intel recently set a goal to achieve net-zero greenhouse gas emissions at all its global operations by 2040. This is based on the 2030 RISE strategy, which was detailed in Intel’s 2020-2021 Corporate Social Responsibility Report.

Intel plans to publish an annual Green Bond Impact Report starting in 2023. Through the report, it intends to disclose information on the use of net proceeds from the Green Bond offering during the period specified in the Green Bond issuance terms.

David Zinsner, Intel’s Chief Financial Officer, said, “Intel has aligned its financial priorities with sustainability goals through the issuance of its first green bonds,” adding, “The issuance of green bonds will help accelerate the achievement of the RISE 2030 framework goals, including the goal of achieving net-zero greenhouse gas emissions across global operations by 2040.”

He also added, "I expect to be able to further accelerate investment in sectors that can have a significant and immediate impact on global environmental issues."