Toronto’s 30-year, $300-million green bond brings a financial benefit: the yield (3.213 per cent based on a 3.20 per cent coupon) required to clear the market was a tad lower than what a traditional debenture would have cost. The city …
TORONTO BECOMES SECOND CANADIAN CITY TO ISSUE A GREEN BOND Read more »
Michael Bloomberg came to Toronto to speak on a panel about climate change and disclosure. Michael Bloomberg came to Toronto to speak on a panel about climate change and disclosure. In the lead up to the event, several large Canadian …
After sustained engagement by the Council for Clean Capitalism and others over the past year, Minister Morneau and McKenna announced the creation of the Expert Panel on Sustainable Finance, to be chaired by Tiff Macklem, Dean of the University of …
FEDERAL GOVERNMENT ANNOUNCES SUSTAINABLE FINANCE EXPERT PANEL Read more »
Ontario has successfully issued the largest green bond in Canadian history, raising $1 billion for infrastructure projects in communities across the province that will help reduce greenhouse gas emissions and fight climate change. Proceeds from the bond will support seven …
The City of Ottawa priced its first green bond offering, raising C$102 million ($79.6 million) of a 3.25 percent bond that matures in November 2047, a term sheet seen by Reuters showed on Thursday. The deal, which is the first …
CITY OF OTTAWA PRICES CANADA’S FIRST MUNICIPAL GREEN BOND – TERM SHEET Read more »
Canadian businesses sold over $3.4 billion worth of environmental and clean technology goods manufactured in Canada in 2015, while sales of related services accounted for almost $3.8 billion. If waste management services are included, the total revenues of environmental and …
The federal government released the Federal Financial Sector Framework which outlines potential policy measures for comment by September 29, 2017. Climate risk disclosure is among the options being considered. Find full details here: http://www.fin.gc.ca/activty/consult/pssge-psefc-eng.asp
European Commission ‘High-Level Expert Group on Sustainable Finance’ (HLEG) published its first report setting out concrete steps to create a financial system that supports sustainable investments, which is a helpful possible template for Canada. The Commission will explore some key …
Eleven major banks including RBC and TD said they’ll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat. The group, representing more than $7 trillion, …
11 BIG BANKS BACK CARNEY’S CLIMATE FINANCE CAMPAIGN Read more »
The FSB Taskforce on Climate-related Financial Disclosures issues guidelines for climate disclosure, taking up Council for Clean Capitalism recommendation last June to make “weighted carbon intensity” the metric of choice for investor disclosures. This measure was also specifically encouraged by …
FINANCIAL STABILITY BOARD URGES INVESTORS TO REPORT PORTFOLIO CARBON FOOTPRINT Read more »