According to ESG Today, the main sustainability investments will be focused on green buildings and renewable energy.

According to company officials, 5.3 billion USD will go towards environmental investments, while the rest will be allocated to social actions.

Alphabet plants to use 2.5 billion USD for green building development, covering the design, construction and improvement of 14 green buildings.

Green energy is another focus of Alphabet, for which the company allocated 1.75 billion USD.

The American giant is looking to purchase some 5.3 GW of renewable energy and it hopes to reduce its carbon footprint by around 25 million tons of CO2.

Alphabet also looks to make its buildings more energy efficient with one billion USD, with the focus being on improving the facilities and the infrastructure of four of the company's data centers.

Clean transportation and circular economy received funding as well, 22 and 8 million USD respectively.

Alphabet officials stated that "our Sustainability Bond helps us operate our business in an environmentally and socially responsible way. Our ultimate goal is to enable everyone— businesses, investors, policymakers, and individuals—to create and live in a more sustainable world."

You can browse through the Sustainable Bond Impact Report for 2022 issued by Alphabet here.