Apple Issues $1.5B Green Bond to Spearhead Environmental Efforts

Corporate green bonds are a debt taken on by a company to finance environment-friendly projects. The green bond market is still in its infancy. According to Climate Bonds Initiative, the first corporate green bond was issued only in 2013. Since then, a handful of leading companies, such as Bank of America, Toyota and EDF, a French power company, have jumped on to the green bond bandwagon.

Apple has announced its decision to issue its first green bond to the tune of $1.5 billion.

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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.