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CSR Press Release

Export Development Canada Issues First Green Bond

Submitted by: Export Development Canada

Categories: Finance, Socially Responsible Investing

Posted: Jan 24, 2014 – 01:56 PM EST

 

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.”

Examples of the transactions and projects related to EDC’s Green Bond program include:

Company/Project

Sector

Location

IMPSA (Industrias Metalurgicas Pescarmona)

Renewable Energy

Argentina

Cascades Inc.

Recycling and Recovery

US

Noble Environmental Power

Renewable Energy

US

GoldLinQ Consortium

Public Ground Transport

Australia

Angel Trains Limited

Public Ground Transport

UK

For more information about EDC's Green Bond program, visit the SEC's website.

About EDC
EDC is Canada’s export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public- sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information, please contact:

Phil Taylor Export Development Canada
Phone: 1-613-598-2904

 

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