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Stock impact report

Analog Devices Announces Inaugural Sustainability-Linked Bond Issuance, a First in the U.S. Technology Sector

Analog Devices, Inc. (ADI) 
Last analog devices, inc. earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.analog.com/investor-relations
Company Research Source: Business Wire
WILMINGTON, Mass.--(BUSINESS WIRE)--Analog Devices Inc. (Nasdaq: ADI) (“ADI” or the “Company”), a leading global high-performance semiconductor company, has furthered its leadership in sustainable financing following the successful placement of its inaugural sustainability-linked bond offering of $750 million in 7-year notes. This bond offering, a first in the U.S. technology sector, supports ADI’s commitment to environmental sustainability by linking financing to the achievement of its ambitious ESG targets.Earlier this year, ADI continued to advance its climate strategy with new commitments to reduce the Company’s carbon footprint. ADI developed Science-Based Target reduction plans and set goals to become carbon neutral by 2030 and achieve net zero emissions by 2050 or sooner. In support of this, ADI also joined the U.N. Global Compact and their campaign, Business Ambition for 1.5°C, a call to action to reach a net zero emissions target. ADI is committed to reduce absolute Scope Show less Read more
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