SK Hynix issues US$1 bil green bond for ESG
First for a semiconductor company
SK Hynix said on Thursday that it has issued a green bond worth US$1 billion to invest in projects for environmental, social and governance (ESG) management.
A green bonds are limited to being able to fund environmentally friendly projects. SK Hynix said it was the semiconductor company in the world to issue such bonds.
SK Group, in which SK Hynix is a part of, announced its participation in RE100 last year. Apple and TSMC area also participating in RE100.
SK Hynix plans to invest in projects related to water quality management, energy efficiency improvement, pollution prevention and ecological environment restoration.
The company will first establish a wastewater disposal plant and a water recycling system, which is important for semiconductor production.
SK Hynix also vowed to make low-power solid-state drives (SSD) to reduce carbon emission.
The company is also thriving to replace hard disk drives with SSDs. If all HDDs are replaced by SSDs, this will reduce carbon emission generated by HDDs to 94%, the South Korea chip maker said.