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NS Debuts Green Bond Funding
NS Debuts Green Bond Funding Written by Marybeth Luczak, Executive Editor
NS’s Green Financing Framework outlines the projects that can be funded with proceeds from its green bond offering. Among them: Improving the locomotive fleet’s fuel efficiency.
Norfolk Southern (NS) has issued $500 million of green bonds to fund its sustainable business initiatives.
NS’s Green Financing Framework (download below) outlines the projects that can be funded with proceeds from the green bond offering.
Among them:
Improving the locomotive fleet’s fuel efficiency. This can be accomplished with the purchase of new units (Modern Tier 4 compliant high-horsepower or equivalent), and the acquisition and installation of technology and/or devices that will improve efficiency, for instance.