التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
Visa Expands Commitment to Sustainability Through Inaugural $500 Million Green Bond Issuance and Appointment of Chief Sustainability Officer Role
– Visa (NYSE: V), a leading global payments technology
company, today announced that yesterday it successfully
priced its inaugural green bond offering, totaling $500
million, paying a semi-annual coupon of 0.75% and
maturing August 15, 2027. The green bond, believed to be
the first issued by a digital payments network, will be used
to help advance the company’s commitment to
environmental sustainability and a sustainable payments
ecosystem. In support of that commitment and in addition
to its inaugural green bond, Visa is also announcing the
appointment of its first chief sustainability officer, Douglas
Sabo.
“At Visa, we see a responsibility and an opportunity to use
the power of our network to drive broad shifts toward a
sustainable future,” said Al Kelly, chairman and chief
executive officer of Visa Inc. “Our green bond offering will
help us accelerate the transformation of our infrastructure
and operations to reach our environmental goals. This
commitment extends to appointing Visa’s first chief
sustainability officer, tasked with ensuring we continue to
take bold and industry-leading actions on the
environment.”
As outlined in the Visa Green Bond Framework, the
proceeds of the green bond will be used to fund projects
including upgrades to buildings, energy efficiency
improvements, expanded usage of renewable energy
sources, water efficiency projects, employee commuter
programs, and research and initiatives focused on
sustainable consumer behaviors. The proceeds also will
support investments in projects to inspire and foster
sustainable living in support of the United Nations
Sustainable Development Goals. These projects build on
Visa’s sustainability leadership, including its transition to
100 percent renewable electricity across its operations
achieved at the start of 2020.
“As the world continues to address the urgency of climate
change and other environmental challenges, we are
embracing our opportunity to play a leading role in building
a more sustainable world,” said Douglas Sabo, Visa’s newly
appointed chief sustainability officer. “Through our green
bond offering and together with our initiatives driving
inclusive economic growth, we are working to ensure
people and planet both can thrive together.”
Visa will issue an annual report on the use of proceeds from
the green bond and their environmental impact.
Sustainalytics, a leading global provider of ESG research,
ratings and data, provided the second-party opinion on the
environmental benefits of Visa’s Green Bond Framework as
well as its alignment with the Green Bond Principles.
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995 that relate to, among other things, our
sustainability goals, current and future projects, and
expectations regarding the use of proceeds. Forward-
looking statements generally are identified by words such
as “believes,” “estimates,” “expects,” “intends,” “may,”
“could,” “should,” “will,” “continue” and other similar
expressions. All statements other than statements of
historical fact could be forward-looking statements, which
speak only as of the date they are made, are not
guarantees of future performance and are subject to
certain risks, uncertainties and other factors, many of
which are beyond our control and are difficult to predict.
We describe risks and uncertainties that could cause actual
results to differ materially from those expressed in, or
implied by, any of these forward-looking statements in our
SEC filings, including our Annual Report on Form 10-K for
the year ended September 30, 2019 and our subsequent
reports on Forms 10-Q and 8-K, which are incorporated by
reference herein. Except as required by law, we do not
intend to update or revise any forward-looking statements
as a result of new information, future events or otherwise.
