Over the past few years Liberty Global has overseen the launch of a range of sustainability-linked loans and green bonds. These include a high-yield green bond issued by our joint venture, VodafoneZiggo, in December 2020 – the first ever to be issued by a company outside the renewable energy space. So far the company has identified more than €785 million euros of funding that will be allocated to eligible green projects.
VodafoneZiggo’s Green Bond Framework has been certified by Sustainalytics, a global leading company in Environmental Social Governance (ESG) research and ratings, as aligning with the International Capital Market Association Green Bond Principles. VodafoneZiggo intends to provide an annual independently audited report on the impact of its investments in its green projects.
The Green Bond Framework also aligns with VodafoneZiggo’s new Corporate Social Responsibility (CSR) strategy entitled ‘People, Planet, Progress’, to halve the environmental footprint of VodafoneZiggo and to improve the lives of two million people in the Netherlands.
Sustainalytics is of the opinion that the VodafoneZiggo Green Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018. This assessment is based on the following:
Use of proceeds will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically Goals 7, 9, 11 and 12.
Project evaluation & selection – VodafoneZiggo has established a Green Bond Committee comprised of senior representatives from its Treasury and Corporate Social Responsibility Teams.
Management of proceeds – VodafoneZiggo intends to track proceeds through a Green Bond Register, through which proceeds will be segregated and allocated towards the financing and refinancing of projects deemed as eligible under the Framework.
Reporting – VodafoneZiggo intends to report allocation proceeds on its website on an annual basis until full allocation.