Analog Devices Completes Allocation of Semiconductor Industry’s First Green Bond
25 June 2021 - 6:00AM
Business Wire
Nearly $400M Allocated to Advance ADI’s
Commitment to Sustainability
Analog Devices, Inc. (Nasdaq: ADI) today published its 2020
Green Bond Report, which provides an update on the full allocation
of the proceeds from its inaugural green bond offering, which
closed on April 8, 2020. ADI allocated nearly $400 million to the
development of eco-efficient products for its customers and green
buildings and renewable energy for its operations.
“At ADI, we are putting our great engineering minds and
resources behind tackling some of society’s greatest threats,
especially climate change. In support of this, ADI completed the
semiconductor industry’s first green bond offering last year and
invested the nearly $400 million in proceeds in transformational,
energy-efficient technologies and greener buildings at our
corporate campus,” said Vincent Roche, President and CEO of Analog
Devices. “While our work is far from done, the progress we have
made is representative of the immense impact we can have on the
world around us. We will continue to act urgently and identify new,
innovative ways to help mitigate climate change and environmental
destruction, and their effect on communities globally.”
As of May 1, 2021, net proceeds of $394.6 million from the green
bond offering have been allocated over several projects,
including:
- $288 million to develop eco-efficient technologies across 4G
and 5G communications, data centers, green vehicles and battery
management systems;
- $102 million to green buildings, helping to construct over
225,000 square feet of green building space in Wilmington,
Massachusetts, the corporate headquarters; and
- $5 million to renewable energy, including over 3,100 solar
panels generating about 1.5 million kWh of electricity per
year.
The project categories for the green bond offering were designed
to advance the United Nations Sustainable Development Goals.
Additionally, ADI’s green bond framework was reviewed by
Sustainalytics to ensure that it aligns with the four core
components of the Green Bond Principles 2018.
More information on ADI’s sustainability initiatives can be
found in ADI’s 2020 Corporate Responsibility Report published
earlier this year.
About Analog Devices, Inc.
Analog Devices (Nasdaq: ADI) is a leading global
high-performance semiconductor company dedicated to solving the
toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense,
measure, power, connect and interpret. Visit:
http://www.analog.com.
(ADI-WEB)
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Investor Contact:
Mr. Michael Lucarelli 781-461-3282
investor.relations@analog.com
Media Contacts:
Ms. Brittany Stone 917-935-1456 Brittany.Stone@teneo.com
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