2020 Green Bond Impact Report (EDC Investments)

Summary

• Total GHG emissions avoided are 6,062,382 tCO2/yr, an increase of 46 per cent over the previous year.p.7
• This corresponds to taking approximately 1,309,739 passenger vehicles off the road per year.p.7
• Total outstanding green issuance is $1,421,328,423 (US$ equivalent).p.11
• Use of proceeds by sector: Clean/Ground Transportation 53%, Renewable Energy 34%, Sustainable Water and Wastewater 8%, Energy Efficiency 3% and Pollution Prevention and Control 2%.p.11
• Green Bond 5, issued 31 July 2019 for CAD$500 MM with a 1.65% coupon, is estimated to avoid approximately 3.64 million metric tonnes of CO2-equivalent.p.9
• In 2014 EDC issued its first green bond, making it the first Canadian financial institution to do so.p.2

Key insights

1. Renewable energy accounts for 4,054,424 tCO2/yr (66.9%) of GHG emissions avoided and smart grid energy infrastructure for 2,000,000 tCO2/yr (33.0%).p.7
2. Green Bond 4 (CAD$500 MM, issued September 2017) is estimated to avoid approximately 2.026 million metric tonnes of CO2-equivalent.p.8
3. The EDC green bonds are rated Aaa Stable by Moody's and AAA Stable by S&P.p.8
4. EDC says it was the first export credit agency and first Canadian Crown corporation to become a supporter of the TCFD recommendations.p.5