Project Details
Project
Ontario Power Generation Green Bond Framework Second-Party Opinion (2021)
Client
Ontario Power Generation
Project Type
Green Bond/Loan
Industry Group
-
Use of Proceeds
-
Location
Canada
Evaluation Date
Apr 2021
Evaluation Summary
Sustainalytics is of the opinion that the Ontario Power Generation Green Bond Framework is credible and impactful and aligns to the four core components of the Green Bond Principles 2018. This assessment is based on the following:
USE OF PROCEEDS
The eligible categories for the use of proceeds – Renewable Energy Generation, Energy Efficiency and Management, and Climate Adaptation and Resilience – are aligned with those recognized by the Green Bond Principles 2018. Sustainalytics considers that investments in the eligible categories will lead to positive environmental impacts and advance the UN Sustainable Development Goals, specifically SDG 7 and 11.