Volvo Cars successfully places first green bond, raises €500M
Green Car Congress
OCTOBER 1, 2020
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.
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