OTTAWA, Jan. 24 /CSRwire/ – Export Development Canada (EDC) today priced its first Green Bond in the principal amount of USD 300 million, reflecting EDC’s commitment to the environmental aspects of its Corporate Social Responsibility (CSR) principles.
EDC’s current portfolio of green assets includes loans made to companies who are active in fields of preservation, protection or remediation of air, water, and/or soil, or the mitigation of climate change.
The Centre for International Climate and Environmental Research (CICERO), an independent research centre associated with the University of Oslo in Norway, endorsed EDC’s Green Bond Framework.
“EDC’s Green Bond program is an area where the interests of investors and EDC converge, one that we’re looking to develop and grow into a regular part of our funding program,” said Ken Kember, Senior Vice-President, Finance, and Chief Financial Officer. “The Green Bond is a nice balance to EDC’s corporate focus on clean technology, an area that will feed new Green Bond issues in years to come.”
For more information about EDC’s Green Bond program, visit the SEC’s website.