Photo: A Verizon store in New York on January 20, 2023. Photographer: Victor J. Blue/Bloomberg A Verizon store in New York on January 20, 2023. Photographer: Victor J. Blue/Bloomberg

Verizon Communications Inc., the second-biggest issuer in the U.S. corporate investment-grade bond market, says investor scrutiny of environmental pledges is helping green bonds cement their dominance in the fragmented $6 trillion market for ethical debt.

Bond buyers are demanding more transparency and accountability from corporations selling debt linked to environmental, social, and corporate governance (ESG) issues, according to Scott Krohn, senior vice president and treasurer of the largest U.S. mobile carrier. Green bonds, whose proceeds finance specific projects, are the preferred label because investors can measure the impact of the bonds, he said.

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