Marketo Form integration in RELAYTO [DEMO on PAGE 5]
Sustainability Bond Impact Repo爀琀 2022
Table of contents Introduction 3 Overview 5 Our sustainability approach About our Sustainability Bond 8 Our Sustainability Bond 10 Project selection and repo爀琀ing Featured projects and impact 12 Overview 12 Energy e昀케ciency 12 Clean energy 13 Green buildings 13 Clean transpo爀琀ation 13 Circular economy and design 14 A昀昀ordable housing 14 Commitment to racial equity 14 Suppo爀琀 for small businesses and COVID-19 crisis response Appendix 16 Allocation by bond 17 Impact by bond 18 Endnotes Alphabet Sustainability Bond Impact Report 2022 1
Introduction Alphabet Sustainability Bond Impact Report 2022 22
Alphabet has allocated Overview 100% At Google, operating our business in an environmentally and socially responsible way has been a core value since our founding in 1998. We build of the net proceeds our products and services to improve the lives of people all over the world. from its $5.75B As pa爀琀 of this, we recognize Google’s tremendous responsibility to address Sustainability Bond. 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 signi昀椀cant 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 at the time. The net proceeds funded 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 bene昀椀t our communities, employees, and stakeholders, and they’re an impo爀琀ant pa爀琀 of ful昀椀lling Google’s mission and goal of creating value over the long term. Two years later, we are pleased to repo爀琀 that we have fully allocated the net proceeds from our 2020 issuance, suppo爀琀ing our e昀昀o爀琀s across all eight of our green and social Eligible Project categories. This 2022 repo爀琀 builds on our 2021 Sustainability Bond Impact Repo爀琀 and covers the allocation to Eligible Projects that incurred expenditures or had capital or contractual commitments between January 1, 2019, and December 31, 2021 (the “Repo爀琀ing Period”). Our repo爀琀 also covers the associated expected sustainability impact of Eligible Projects included in our allocation (see Figure 1). 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. We continue to lead and encourage others to join us in improving the health of our communities and our planet. Alphabet Sustainability Bond Impact Report 2022 Introduction 33
Figure 1 ALLOCATION OF NET PROCEEDS AND EXPECTED ENVIRONMENTAL AND SOCIAL BENEFITS Total allocation $5.69 billion (100% of net proceeds allocated) Environmental ENERGY EFFICIENCY CLEAN ENERGY GREEN BUILDINGS $1.02 billion $1.75 billion $2.47 billion 2 1.10 PUE 25 million tCO e 807,000 m 2 annual average across emissions avoided by of LEED Platinum ce爀琀i昀椀ed data center campuses renewable energy PPAs o昀케ce space CLEAN CIRCULAR ECONOMY TRANSPORTATION AND DESIGN $22 million $8 million 4,000 po爀琀s 1.42 million kg for EV charging of pre-consumer food waste prevented in cafés Social AFFORDABLE COMMITMENT TO SUPPORT FOR SMALL BUSINESSES RACIAL EQUITY AND COVID-19 CRISIS RESPONSE HOUSING $83 million $148 million $185 million 3,050 units 3,700 loans 46,950 loans of conventional to small and medium-sized to small and businesses focused on medium-sized businesses a昀昀ordable housing the Black community Alphabet Sustainability Bond Impact Report 2022 Introduction 44
![Marketo Form integration in RELAYTO [DEMO on PAGE 5] - Page 5](/cdn-cgi/image/width=600,quality=80,format=webp/https://cdn.relayto.com/images_originals/6450e3f425d0b.jpeg)
Our sustainability approach We believe that every business has the oppo爀琀unity and obligation to protect our planet and suppo爀琀 the communities where it operates. Sustainability is one of our core values at Google, and we strive to build sustainability into everything we do. Google’s sustainability strategy focuses on three key pillars that span both environmental and social initiatives: ˦ Accelerating the transition to carbon-free energy and a circular economy ˦ Empowering everyone with technology ˦ Bene昀椀ting the people and places where we operate We’ve been a leader on sustainability and climate change since Google’s founding over 20 years ago. These are some of our key achievements over the past two decades: ˦ 2007: We became the 昀椀rst major company to become carbon neutral for our operations. ˦ 2017: We became the 昀椀rst major company to match 100% of our annual electricity use with renewable energy, which we’ve achieved for 昀椀ve consecutive years. ˦ 2020: We issued $5.75 billion in sustainability bonds—the largest sustainability or green bond issuance by any company in history at the time. ˦ 2021: We matched 66% of our data center electricity use with regional carbon-free sources, on an hourly basis. Now we’re going even fu爀琀her. By 2030 we aim to achieve net-zero emissions across all of our operations and value chain, including our consumer hardware products, and to become the 昀椀rst major company to run on carbon-free energy 24 hours a day, seven days a week, 365 days a year. Alphabet Sustainability Bond Impact Report 2022 Introduction 5
We’ve also made a number of social commitments designed to bene昀椀t people and places where we operate: ˦ 2019: We announced a $1 billion Bay Area housing commitment to suppo爀琀 the development of at least 20,000 homes at a range of income levels throughout the region, of which at least 5,000 will be a昀昀ordable. ˦ 2020: We announced commitments to racial equity focused on building sustainable equity for our Black community, building products for change, helping create economic oppo爀琀unity, improving education, and suppo爀琀ing racial justice organizations. ˦ 2020: We responded to the devastating e昀昀ects of the COVID-19 global pandemic with an $800+ million commitment to suppo爀琀 small and medium-sized businesses (SMBs), health organizations and governments, and frontline health workers. We continue our work to drive positive social and business impact. In 2022, we launched a $100 million Google Career Ce爀琀i昀椀cates Fund, with the goal of reaching more than 20,000 American workers and the potential to drive $1 billion in wage gains. We also aim to grow our spending with diverse suppliers to $2.5 billion while expanding our program beyond the United States to include suppliers from historically underrepresented groups around the world. For more information about our sustainability strategy, see Google’s Sustainability website and sustainability repo爀琀s page. For more information about our overall corporate responsibility initiatives, see Google’s commitments to signi昀椀cantly improving the lives of as many people as possible, along with sustainability and related information. For more information about our business, see the About Google and Alphabet Investor Relations websites. Alphabet Sustainability Bond Impact Report 2022 Introduction 6
About our Sustainability Bond Alphabet Sustainability Bond Impact Report 2022 77
Our Sustainability Bond In August 2020, Alphabet issued $5.75 billion in sustainability bonds (“2020 Sustainability Bond” or “Sustainability Bond”), composed of three tranches (Table 1). The net proceeds (a昀琀er deducting underwriting discounts and o昀昀ering expenses) from this issuance have been fully allocated to expenditures, contractual commitments, and capital commitments in Eligible Projects, as de昀椀ned in Alphabet’s Sustainability 1 Bond Framework (“Framework”). Table 1 BOND DETAILS BY NOTES Notes Coupon Issued amount ($M) Net proceeds ($M) 2025 Notes 0.45% $1,000 $996 2030 Notes 1.10% $2,250 $2,235 2050 Notes 2.05% $2,500 $2,457 Total $5,750 $5,688 “Eligible Projects” are investments and expenditures made by us or any of our subsidiaries beginning with the issuance date of the Sustainability Notes, or in the 24 months prior to the issuance of the Sustainability Notes. Each of our Eligible Projects meets one or more of the eight eligibility criteria de昀椀ned by our Framework, which is aligned with the Green Bond Principles, the Social Bond Principles, and the Sustainability Bond Guidelines. Our green and 2 social Eligible Project categories are described in Table 2. Notwithstanding our signi昀椀cant work and commitments suppo爀琀ing sustainability through Google.org, no net proceeds were allocated to such activities given their philanthropic nature. Alphabet is a collection of businesses—the largest of which is Google. As used herein, “Alphabet,” “the company,” “we,” “us,” “our,” and similar terms include Alphabet Inc. and its subsidiaries, unless the context indicates otherwise. For a detailed overview of our allocation and expected impact by bond, see Table 3 and Table 4 in the Appendix. Alphabet Sustainability Bond Impact Report 2022 About our Sustainability Bond 8
Table 2 ELIGIBLE PROJECT CATEGORIES Green and social eligible Eligibility criteria project category Energy e昀케ciency Expenditures related to design, construction, operation, and maintenance of energy-e昀케cient facilities and infrastructure Clean energy Expenditures related to the construction, development, acquisition, maintenance, and operation of renewable energy projects that are new to the grid, such as solar, wind, small-scale hydropower generation, geothermal, and biomass Green buildings Expenditures related to design, construction, and improvements of o昀케ce spaces and surrounding communities Clean transpo爀琀ation Expenditures related to the procurement, maintenance, and operation of electric vehicles (EV), bicycles, and associated infrastructure Circular economy and design Expenditures related to projects that are designed to increase waste diversion from land昀椀ll and design out waste A昀昀ordable housing Expenditures related to the construction, development, acquisition, and maintenance of a昀昀ordable housing Commitment to racial equity Expenditures focused on advancing economic oppo爀琀unity and equity for under-represented communities, including the Black+ community Suppo爀琀 for small businesses Expenditures related to suppo爀琀 for SMBs, including and COVID-19 crisis response those impacted by COVID-19 Alphabet Sustainability Bond Impact Report 2022 About our Sustainability Bond 9
Project selection and repo爀琀ing A commi琀琀ee consisting of representatives from Alphabet’s Sustainability, Treasury, and Finance teams evaluated a broad array of projects from across the company to identify Eligible Projects. The 昀椀nal allocation of net proceeds to Eligible Projects was reviewed and approved by Google’s Chief Sustainability O昀케cer. Projects were selected based on the following factors: ˦ Consistency with eligibility criteria ˦ Alignment with our sustainability strategy ˦ Magnitude of environmental or social impact ˦ Ability to track and audit project expenditures, contractual commitments, and/or capital commitments To ensure transparency and alignment with our Framework, we commi琀琀ed to repo爀琀ing annually on which projects have been funded from the bonds’ net proceeds and their expected sustainability impact. Information contained in this Sustainability Bond Impact Repo爀琀 is not incorporated in, and is not pa爀琀 of, any repo爀琀 or 昀椀ling we make with the U.S. Securities and Exchange Commission. We’ve received an Independent Accountants’ Repo爀琀 providing assurance of management’s asse爀琀ion of our full allocation of net proceeds to Eligible Projects. Alphabet Sustainability Bond Impact Report 2022 About our Sustainability Bond 10
Featured projects and impact Alphabet Sustainability Bond Impact Report 2022 1111
Overview In this section, we repo爀琀 on the allocation of net proceeds in 昀椀scal year 2021, as well as the cumulative total allocation for our Sustainability Bond in the Repo爀琀ing Period, for each of our eight Project Categories. For more detail on our allocation and expected impact by repo爀琀 year and bond tranche, see Tables 3 and 4 in the Appendix. Energy e昀케ciency For more than a decade, we’ve worked to make Google data centers some of the most e昀케cient in the world by optimizing our use of energy, water, and materials. In 2021, we allocated net proceeds from our Sustainability Bond to two additional data center campuses—in Quilicura, Chile, and Changhua County, Taiwan—as well as to our data center campuses in St. Ghislain, Belgium, and Hamina, Finland, which had previously received an allocation. This brings our cumulative total allocation to $1.02 billion in capital expenditures related to the expansion and improvement of energy-e昀케cient facilities and infrastructure at four data centers across three continents. The average annual power usage e昀昀ectiveness (PUE) in 2021 across these four data center campuses was 1.10, compared with the industry average of 1.573 —meaning that these data centers use, on average, about six times less overhead energy. Clean energy At Google, we’ve made it a top priority to become more energy e昀케cient and to match 100% of the annual electricity consumption of our global operations with purchases of renewable energy. In 2021, we allocated net proceeds from our Sustainability Bond to three additional renewable energy power purchase agreements (PPAs) as well as other projects that had previously received an allocation. One of the three additional projects that received an allocation in 2021 is a 昀椀rst-of-its-kind agreement in Europe with ENGIE, a large European utility, to help ensure that our operations in Germany will run on nearly 80% carbon-free energy on an hourly basis. This brings our cumulative total allocation to $1.75 billion in expenditures and contractual commitments to purchase electricity from renewable energy sources. This includes a total of 45 PPAs across three continents with a combined capacity of approximately 5.3 gigawa琀琀s. These are all long-term projects new to the grid that meet our criteria of additionality. We estimate that these renewable energy PPAs combined will avoid nearly 25 million metric tons of carbon dioxide equivalent (tCO2e) emissions. Alphabet Sustainability Bond Impact Report 2022 Featured projects and impact 12
Green buildings Our sustainability priorities for workspaces are guided by Google’s company-wide sustainability values and are applied everywhere we operate—from our Bay Area headqua爀琀ers to our o昀케ces and data centers in over 190 cities spanning nearly 60 countries. In 2021, we allocated net proceeds from our Sustainability Bond to seven new building projects, including King’s Cross in London and Arnulfpost in Munich, as well as other projects that had previously received an allocation. This brings our cumulative total allocation to $2.47 billion in capital expenditures related to the design, construction, and improvement of 14 green buildings. These buildings total nearly 807,000 square meters (8.7 million square feet) and are on track to achieve LEED Platinum ce爀琀i昀椀cation. Clean transpo爀琀ation To mitigate carbon emissions and take cars o昀昀 the road, we’re se琀琀ing ambitious goals for helping Googlers transition to shu琀琀les, carpooling, public transit, biking, and walking. There’s also a growing number of EVs in our Google-owned and -operated commuter program 昀氀eet, and we provide EV charging stations for personal vehicles. In 2021, we allocated net proceeds from our Sustainability Bond to one new EV charging infrastructure project, as well as other projects that had previously received an allocation. This brings our cumulative total allocation to $22 million in expenditures and contractual commitments related to 昀椀ve clean transpo爀琀ation projects, such as initiatives related to the electri昀椀cation of Google 昀氀eet vehicles, investment in our EV charging stations, and expenditures related to our bike programs. This allocation suppo爀琀ed the operation of nearly 4,000 EV charging po爀琀s in the United States and Canada. Circular economy and design We’re commi琀琀ed to maximizing the reuse of 昀椀nite resources across our operations, products, and supply chains and to enabling others to do the same. We’re applying our circular economy principles to design out waste, keep products and materials in use, and promote healthy materials and safe chemistry. In 2021, we allocated net proceeds from our Sustainability Bond to one new project related to waste reduction e昀昀o爀琀s as well as to other projects that had previously received an allocation. This brings our cumulative total allocation to $8 million in expenditures related to seven circular economy and design projects. This includes a so昀琀ware system that we use in our kitchens to track and reduce pre-consumer food waste. Since 2019, this so昀琀ware system has helped Google prevent over 1.4 million kilograms (3.1 million pounds) of food going into the waste stream. Alphabet Sustainability Bond Impact Report 2022 Featured projects and impact 13
Affordable housing As Google grows—whether it’s in our hometown of Mountain View, in San Francisco, or in our future developments in San José and Sunnyvale—we’re investing in developing housing that meets the needs of these communities. In 2021, we allocated net proceeds from our Sustainability Bond to loans supporting two new affordable housing projects—Block 15 and BRIDGE Housing. This brings our cumulative total allocation to $83 million in contractual commitments to a total of 21 affordable housing projects. We expect our allocation will catalyze the development of approximately 3,050 affordable units. Commitment to racial equity Our racial equity work is an important part of our company-wide commitment to diversity, equity, and inclusion. In 2021, we allocated net proceeds from our Sustainability Bond to nine new projects that advance economic opportunity for the Black community, including investment in Black-led capital firms, start-ups, and organizations supporting Black entrepreneurs and investment firms, as well as other projects that previously received an allocation. This brings our cumulative total allocation to $148 million across 15 racial equity initiatives. These efforts include contributions to organizations supporting Black business owners such as Opportunity Finance Network (OFN), and support for Black creators and artists through the #YouTubeBlack Voices Fund. We expect that our OFN capital commitment will result in approximately 3,700 loans closed to SMBs focused on the Black community. Support for small businesses and COVID-19 crisis response Small businesses are the backbone of the global economy and at the core of many of Google’s tools, services, and products. So when the COVID-19 pandemic hit in 2020, we announced a $200 million investment fund as part of our $800+ million commitment to support SMBs, health organizations, governments, and health workers on the frontlines. In 2021, we allocated net proceeds from our Sustainability Bond to four new projects that finance loans to small businesses, including long-term partnerships with lending institutions such as Kiva, the European Investment Fund, the Small Industries Development Bank of India, and the Ogen Group. This brings our cumulative total allocation to $185 million in contractual commitments that finance loans to small businesses. We expect our capital commitment will result in approximately 46,950 loans closed to SMBs. Alphabet Sustainability Bond Impact Report 2022 Featured projects and impact 14
Appendix Alphabet Sustainability Bond Impact Report 2022 1515
Allocation by bond Table 3 provides an overview of our allocation of net proceeds from our 2020 Sustainability Bond by bond tranche as of December 31, 2021. We’ve received an Independent Accountants’ Report providing assurance of management’s assertion that $5.688 billion in net proceeds (see Table 1) was allocated to Eligible Projects. We have made this allocation of net proceeds on a pro rata basis from the 2025 Notes, 2030 Notes, and 2050 Notes. Amounts allocated are rounded to the nearest million. Table 3 ALLOCATION BY BOND ACROSS GREEN AND SOCIAL ELIGIBLE PROJECT CATEGORIES Eligible project categories Allocated amount ($M) 2025 NOTES 2030 NOTES 2050 NOTES Reporting year 2021 2022 2021 2022 2021 2022 Cumulative total Energy efficiency $112 $66 $252 $148 $277 $163 $1,018 Clean energy $224 $83 $502 $187 $552 $205 $1,753 Green buildings $218 $215 $490 $481 $538 $529 $2,471 Clean transportation $3 $1 $6 $3 $6 $3 $22 Circular economy and design $1 $1 $2 $1 $2 $1 $8 Affordable housing $12 $2 $27 $5 $30 $7 $83 Commitment to racial equity $14 $12 $32 $26 $35 $29 $148 Support for small businesses and 4 COVID-19 crisis response $23 $9 $52 $21 $58 $22 $185 TOTAL ALLOCATION OF NET PROCEEDS $607 $389 $1,363 $872 $1,498 $959 $5,688 Net proceeds allocated by tranche (%) 61% 39% 61% 39% 61% 39% 100% Alphabet Sustainability Bond Impact Report 2022 Appendix 16
Impact by bond Table 4 provides an overview of the expected environmental and social impacts of Eligible Projects by 2020 Sustainability Bond tranche. Impact metrics for the 2025 Notes, 2030 Notes, and 2050 Notes are derived from the allocation of net proceeds provided in Table 3. Table 4 EXPECTED IMPACT BY BOND ACROSS GREEN AND SOCIAL ELIGIBLE PROJECT CATEGORIES Eligible project categories Impact metric(s) Expected impact 2025 NOTES 2030 NOTES 2050 NOTES Reporting year Unit 2021 2022 2021 2022 2021 2022 Cumulative (Cumulative) (Cumulative) (Cumulative) total Energy efficiency Average annual PUE at PUE 1.09 1.10 1.09 1.10 1.09 1.10 1.10 5 data center campuses Emissions expected Clean energy to be avoided by tCOe 2,607,500 4,343,500 5,851,500 9,746,000 6,433,000 10,714,000 24,803,500 6 2 renewable energy PPAs Office space expected Green buildings to achieve LEED m² 73,000 141,000 163,000 317,000 179,000 349,000 807,000 7 Platinum certification Clean transportation EV charging ports8 Ports 600 700 1,400 1,600 1,600 1,700 4,000 Circular economy Pre-consumer food and design waste prevented kg 198,500 248,500 445,500 558,000 490,000 613,500 1,420,000 in cafés9,10 Affordable housing Conventional affordable Units 300 550 700 1,200 800 1,300 3,050 11 housing units Commitment Loans expected to close to racial equity to SMBs focused on the Loans 470 650 1,060 1,450 1,170 1,600 3,700 12 Black community Support for small businesses Loans expected Loans 2,350 8,200 5,300 18,450 5,850 20,300 46,950 13 and COVID-19 to close to SMBs crisis response Alphabet Sustainability Bond Impact Report 2022 Appendix 17
Endnotes 1. Alphabet’s 2020 Sustainability Bond Framework is aligned with the Green Bond Principles, dated June 2018, the Social Bond Principles, dated June 2020, and the Sustainability Bond Guidelines, dated June 2018, as administered by the International Capital Market Association. 2. Consistent with Appendix A in our Independent Accountants’ Report, please see the following notes that apply to our eligibility criteria: Note 1: For power purchase agreements executed during the Reporting Period, proceeds are considered allocated upon contract execution. The Allocated Amount is calculated as the net present value of future cash flows based on estimated annual production in megawatts and power price over the contract term. For power purchase agreements executed prior to the Reporting Period, proceeds are considered allocated for services received during the Reporting Period, based on the amount invoiced. Note 2: For capital or contractual commitments including investment funds or venture capital investments, proceeds are considered allocated upon contract execution based on the agreed upon amount within the contract. Note 3: For all other expenditures, the Allocated Amount is calculated as the amount invoiced during the reporting period. 3. According to the Uptime Institute’s 2021 Data Center Survey, the global average PUE of respondents’ largest data centers was around 1.57. 4. The reported 2021 allocation to the 2050 Notes of the Support for small businesses and COVID-19 crisis response project category has been adjusted due to rounding. 5. Since we expect that the construction of new or expanded facilities on data center campuses will support the maintenance or improvement of the campus-wide PUE, we’ve reported the impact metric as the average annual PUE in 2020 and 2021 for the campuses that received allocation in those years. 6. For agreements signed prior to 2019, emissions avoided by renewable energy PPAs are estimated by multiplying the actual renewable energy generated (in megawatt-hours) in 2019, 2020, and 2021 by location-based GHG emission factors for each respective grid region. For agreements signed during 2019, 2020, and 2021, emissions avoided by renewable energy PPAs are estimated by multiplying the expected renewable energy generation (in megawatt-hours) by location-based GHG emission factors for each respective grid region over the expected lifetime of each PPA, considering projected year-over-year changes in emission factors due to grid decarbonization. U.S. emission factors were sourced from the U.S. Environmental Protection Agency’s eGRID (Emissions & Generation Resource Integrated Database; 2020 data). Emission factors for all other countries were sourced from the International Energy Agency’s Emissions Factors 2021. Reported emissions are rounded to the nearest 500. 7. Square meters of Leadership in Energy and Environmental Design (LEED) Platinum certified office space are estimated by adding the expected gross square meters of the 14 green building projects for which we plan to ultimately pursue LEED Platinum certification once complete. Reported square meters are rounded to the nearest thousand. 8. Number of EV charging ports is calculated by summing the number of EV ports at our offices in the United States and Canada as of December 31, 2021. Bond proceeds were allocated to installations of EV charging ports as well as operating costs in the Reporting Period. Reported ports are rounded to the nearest hundred. 9. Pre-consumer food waste prevented in cafés is estimated by summing the difference between each café’s change in food waste weight compared with its baseline, set prior to implementing food waste reduction and behavior modification tools, for all Google offices participating in the Leanpath program combined. Reported kilograms are rounded to the nearest 500. 10. In 2019, we were able to track and report pre-consumer food waste prevention for the entire year. In 2020, pre-consumer food waste prevented in our cafés was tracked only from January to March due to limited café operations during the global pandemic. In 2021, we continued to experience limited café operations due to the global pandemic. Pre-consumer food waste prevented in our cafés in 2020 has been reflected in our 2022 cumulative impact metric. 11. Affordable housing units enabled are estimated by summing the number of units expected from affordable housing projects with loans under contract as of December 31, 2021. The expected number of units enabled may be reduced by up to 365 units to reflect a change in scope for one of the affordable housing projects financed by Google, which may reduce the 2021 expected impact and 2022 cumulative expected impact figures for the Affordable Housing category. Expected units are rounded to the nearest 50. 12. Loans to SMBs focused on the Black community are estimated by dividing our total amount committed to OFN for small businesses focused on the Black community by the average loan size as of December 31, 2021. Loans are rounded to the nearest 10. 13. Loans to SMBs are estimated by dividing the total amount committed to each respective investment partnership by the average loan size for that partnership as of December 31, 2021. Loans are rounded to the nearest 50. Alphabet Sustainability Bond Impact Report 2022 Appendix 18
Alphabet Sustainability Bond Impact Report 2022 August 2022 On the cover: A dragonscale solar panel rooftop emerges amidst trees at our Charleston East campus (Photo: Iwan Baan) Introduction: Bright, colorful Gbikes parked on a Google campus About our Sustainability Bond: Norther Offshore wind farm in Belgium (92 MW for Google) Featured projects and impact: A row of servers in our St. Ghislain, Belgium, data center