PSP Investments to Release Green Bond Framework

USA - Français

News provided by

Feb 14, 2022, 12:00 ET

MONTRÉAL, Feb. 14, 2022 /PRNewswire/ - The Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investment managers, today announced the publication of its Green Bond Framework. Green Bonds will provide a new tool in PSP Investments' toolkit to support strong financial performance and responsible investment outcomes.

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. CICERO Shades of Green is internationally recognized as a leading provider of independent reviews of green bond frameworks and provides an independent assessment of the processes established to assess and select eligible projects for green bond investments.

"In addition to equipping PSP Investments with a new financing vehicle that is expected to broaden our investor base, the Green Bond Framework supports our comprehensive climate strategy, which will be released in 2022", said Neil Cunningham, President and Chief Executive Officer at PSP Investments. "As a steward of retirement assets of over 900,000 contributors and beneficiaries, we have a longstanding practice of responsible investing as a means to better manage ESG risks and generate the long-term adjusted returns needed to achieve our mandate."

The Green Bond Framework will enable PSP Investments to answer increasing investor demand for sustainable debt products. Eventual 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
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with C$204.5 billion of net assets under management as of March 31, 2021. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.