Micron Releases Green Bond Framework
October 14 2021 - 1:08PM
Micron Technology, Inc. (Nasdaq: MU), today announced the release
of its Green Bond Framework, supported by a second-party opinion
from Sustainalytics, a Morningstar Company and globally recognized
provider of ESG research, rating and data.
“A Green Bond Framework reflects Micron’s broader commitment to
sustainability as we embrace green financing as a principal funding
strategy,” said David Zinsner, Chief Financial Officer at Micron.
“The framework announced today is a testament to how environmental
sustainability and good business practices together can drive
positive outcomes for Micron, investors and the
planet.”
The framework provides information about the types of projects
that are eligible for financing or refinancing with the use of any
potential green bond proceeds and is in alignment with the four
core pillars of the Green Bond Principles, 2021. Eligible projects
support Micron's sustainability commitments, and focus on renewable
energy, green buildings, energy efficiency, sustainable water and
wastewater management, pollution prevention and control, and
circular economy adapted products and production technologies.
Micron will issue a green bond report annually regarding the
allocation of proceeds as well as expected impact metrics, where
feasible.
Micron’s Green Bond Framework aligns with, and builds on,
Micron’s actionable sustainability strategy and efforts, which
include the company’s previously announced commitment to spend $1
billion by 2028 to reduce greenhouse gas emission intensity by 75%
between 2018-2030, achieve 75% water conservation and 95% waste
diversion globally in 2030 and source 100% renewable energy across
its U.S. manufacturing operations by the end of 2025.
The release of its Green Bond Framework reflects Micron’s
leadership in sustainable financing, and follows the company’s
recent close of approximately $3.7 billion sustainability-linked
credit facilities in May 2021, which positioned the company as one
of the largest corporate sustainability-linked credit facility
borrowers in the U.S. Crédit Agricole Corporate and Investment Bank
(CIB) served as the sustainability structuring agent for the credit
facilities and assisted in the development of the framework.
For more information on Micron’s Green Bond Framework, please
visit www.micron.com/sustainability.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage
solutions transforming how the world uses information to enrich
life for all. With a relentless focus on our customers, technology
leadership, and manufacturing and operational excellence, Micron
delivers a rich portfolio of high-performance DRAM, NAND and NOR
memory and storage products through our Micron® and Crucial®
brands. Every day, the innovations that our people create fuel the
data economy, enabling advances in artificial intelligence and 5G
applications that unleash opportunities — from the data center to
the intelligent edge and across the client and mobile user
experience. To learn more about Micron Technology, Inc. (Nasdaq:
MU), visit micron.com.
© 2021 Micron Technology, Inc. All rights reserved. Information,
products, and/or specifications are subject to change without
notice. Micron, the Micron logo, and all other Micron trademarks
are the property of Micron Technology, Inc. All other trademarks
are the property of their respective owners.
Micron Media Relations ContactErica
PompenMicron Technology, Inc.+1 (408)
834-1873epompen@micron.comMicron Investor Relations
ContactFarhan Ahmad Micron Technology, Inc. +1 (408)
834-1927farhanahmad@micron.com
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