- Press Releases
September 24 (Renewables Now) - US retail major Walmart Inc (NYSE:WMT) has closed its USD-2-billion (EUR 1.7bn) inaugural green bond offering with plans to finance a portfolio of eligible green investments that include renewable energy projects.
“The closing of our first-ever green bond offering directs capital toward projects that will advance our environmental sustainability goals now and in the years to come. These goals include achieving 100% renewable energy by 2035 and zero emissions in our operations by 2040,” said Kathleen McLaughlin, Executive Vice President and Chief Sustainability Officer.
Walmart intends to use the raised amount to support investments in the following eligible green categories: renewables, including micro grids and energy storage; high-performance buildings; sustainable transportation; zero waste and circular economy; quality and efficient water stewardship projects; and habitat restoration and conservation centred on the preservation, restoration and management of natural landscapes.
The company said it will issue a public report with information on the allocation of bond proceeds on an annual basis.
Four minority- and women-owned firms served as active bookrunners to lead the green bond offering, namely AmeriVet Securities Inc C.L. King & Associates Inc, Samuel A. Ramirez & Company Inc and Siebert Williams Shank & Co LLC. BofA Securities Inc, Citigroup Global Markets Inc and Morgan Stanley & Co LLC also acted as such.
(USD 1.0 = EUR 0.853)