TDC NET has raised €3 billion ($3.5 billion) through six sustainability-linked bonds (SLBs), demonstrating what it believes to be one of the most ambitious frameworks in the European telecoms sector.

The Danish firm's framework selected two emissions-focused key performance indicators (KPIs) to address its "most significant climate impacts". The first relates to Scope 1 and 2 greenhouse gas emissions, and the second relates to Scope 3 emissions across the value chain.

It is targeting net-zero Scope 1 & 2 emissions by 2028 and full net-zero across all scopes by 2030.

One awards judge said: "The KPIs are clear, measurable, and ambitious ... The framework demonstrates exceptional ambition and credibility, and is highly positive in raising the bar for the telecoms sector as a whole."