Sustainability Bond

Impact Report

2021

Table of contents

Introduction

3 Overview

5 Our sustainability approach

About our sustainability bonds

8 Our sustainability bonds

  1. Project selection and reporting
  1. Looking ahead

Featured projects and impact

  1. Energy efficiency
  2. Clean energy
  3. Green buildings
  4. Clean transportation
  1. Circular economy and design
  2. Affordable housing
  3. Commitment to racial equity
  4. Support for small businesses and COVID-19 crisis response

Appendix

  1. Allocation by bond
  2. Impact by bond
  3. Endnotes

Alphabet's Sustainability Bond Impact Report 2021

1

Introduction

Alphabet's Sustainability Bond Impact Report 2021

2

Alphabet has allocated

$3.47billion

(61%) in Sustainability Bond net proceeds.

Overview

At Google, operating our business in an environmentally and socially responsible way has been a core value since our founding in 1998. We build our products and services to improve the lives of people all over the world. As part of this, we recognize Google's tremendous responsibility to address some of the most pressing challenges of our time-climate change, housing, racial and economic inequity, and the global COVID-19 pandemic. We've made a number of significant commitments and major investments in these areas.

In August 2020, we issued $5.75 billion in sustainability bonds, leading the way with the largest sustainability or green bond issuance by any company in history. The net proceeds fund new and ongoing projects that are environmentally or socially responsible and enable investors to join us in tackling critical issues. We believe that these investments benefit our communities, employees, and stakeholders, and they are an important part of fulfilling Google's mission and goal of creating value over the long term.

Sustainability bonds are an emerging asset class, and we are encouraged that our issuance last year contributed to the growth of this market. Sustainability bond issuance by U.S. corporations grew more than 300% year over year in the first half of 2021, exceeding the total for all of 2020.1

One year later, we are pleased to report that we've put $3.47 billion (61%) of the net proceeds to use, supporting our efforts across all eight of our green and social Eligible Project categories. This inaugural Impact Report covers the allocation to Eligible Projects that incurred expenditures or to which capital was contractually committed between January 1, 2019, and December 31, 2020. Our report also covers the associated expected sustainability impact of Eligible Projects included in our allocation (see Figure 1).

Alphabet's Sustainability Bond Impact Report 2021

Introduction

3

Figure 1

ALLOCATION OF NET PROCEEDS AND EXPECTED ENVIRONMENTAL AND SOCIAL BENEFITS

Total allocation

$3.47 billion

(61% allocated)

Environmental

ENERGY EFFICIENCY

CLEAN ENERGY

GREEN BUILDINGS

$640 million

$1.28 billion

$1.25 billion

1.08 PUE

14.9 million tCO e

415,000 m2

2

of LEED Platinum certified

at Belgium data

emissions avoided by

center campus

renewable energy PPAs

office space

CLEAN

CIRCULAR ECONOMY

TRANSPORTATION

AND DESIGN

$15 million

$4 million

3,600 ports

1.1 million kg

installed for EV charging

of pre-consumer food waste

prevented in cafés

Social

AFFORDABLE

COMMITMENT TO

SUPPORT FOR SMALL BUSINESSES

HOUSING

RACIAL EQUITY

AND COVID-19 CRISIS RESPONSE

$70 million

$81 million

$133 million

1,800 units

2,700 loans

13,500 loans

of affordable housing enabled

to small and medium-sized

to small and

businesses focused on

medium-sized businesses

the Black community

Alphabet's Sustainability Bond Impact Report 2021

Introduction

4

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Alphabet Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 15:11:08 UTC.