Green bonds
With global interest in climate financing continuing to rise, EDC issued a $500 million green bond in 2019. This was our second green bond in Canadian dollars and our fifth green bond since 2014.
Proceeds of all EDC’s green bond offerings go toward our portfolio of green assets, including loans made to companies active in the preservation, protection or remediation of air, water or soil; the creation of renewable energy; or the mitigation of climate change. So far, these proceeds have helped finance approximately 30 transactions in support of environmentally beneficial companies or projects. Among other potential benefits, it’s estimated these efforts have helped to avoid more than four million tonnes of greenhouse gas emissions.
With the issuance of this latest bond, we’re hoping to bring more domestic and international investors to the table to further stimulate the growth of the green bond market in Canada.
Visit our Green Bonds web page to access our Green Bond Framework and annual green bond impact reports.