CORK, Ireland — Johnson Controls has furthered its leadership in sustainable finance following the completion of its first sustainability-linked bond offering of $500 million in ten-year senior notes. The offering of the sustainability-linked bond is in conformity with the company’s recently published integrated green, social, and sustainability-linked finance framework.

Earlier, in January 2021, Johnson Controls adopted a new set of ambitious environmental goals, which were approved by the Science Based Targets Initiative. The company committed to cut operational emissions by 55% and reduce customers’ emissions by 16% before 2030. Based on these commitments, the company issued a sustainability-linked bond that ties the interest rate on the bond to the achievement of these environmental goals.