MONTRÉAL, Feb. 28, 2022 — The Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, issued a C$1.0 billion 10-year Green Bond on February 25, 2022, under the PSP Investments Green Bond Framework, released earlier this month.
PSP Investments’ Green Bond Framework is aligned with existing standards in green bond and sustainable debt markets. It has been awarded an environmental rating of “Medium Green” and the highest possible governance score of “Excellent” by CICERO Shades of Green.
The Green Bond Framework and inaugural issuance will enable PSP Investments to positively contribute to a low carbon economy and answer increasing investor demand for sustainable products. Green Bond proceeds will be used to fund projects with high environmental impact or those where environmental performance will be improved over time, in the following categories:
Renewable energy Energy efficiency Pollution prevention and control Environmentally sustainable management of living natural resources and land use Sustainable water and wastewater management Circular economy adapted products, production technologies and processes Green buildings Clean transportation
About PSP Investments