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Sustainable Tech: 5 IT Giants Lowering Their Carbon Footprint

Gina Narcisi

From slashing carbon emissions to renewable energy investments and responsible water usage, here’s what five IT leaders are doing right now to combat climate change.

Verizon Prices Third Green Bond Focused On Renewable Energy Buying

Verizon Communications in September settled its third green bond offering of $1 billion to become a leading corporate buyer of renewable energy in the U.S.

The net proceeds of its third green bond are expected to be allocated entirely toward renewable energy as the company enters into more long-term virtual power purchase agreements (VPPAs) which support the construction of solar and wind power facilities, according to the Basking Ridge, N.J.-based telecom giant.

Morgan Stanley is serving as one of four lead underwriters for Verizon’ most recent green bond. Verizon has also named three women- and minority-owned financial firms as lead underwriters: Loop Capital Markets, Ramirez & Co and Siebert Williams Shank.

 

 
Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

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