DBP partners champion Green Financing Canada

  • DBP partners champion Green Financing Canada
  • DBP partners champion Green Financing Canada
  • DBP partners champion Green Financing Canada
  • Which financial institutions offer green financing?
  • Several financial institutions now offer special financing arrangements for borrowers with green initiatives in mind. Vancity Community Investment Bank, headquartered in Vancouver, offers up to 100 per cent financing for loans as large as $50 million and amortizations up to 30 years for qualifying “operating projects.”
  • What are the different types of green financing facilities in Canada?
  • There are basically two types of green financing facilities in Canada; Green Loans and Sustainability-Linked Loans. The differences are important to note. As described by McCarthy, a green loan can be any type of loan instrument created exclusively to finance or refinance, in whole or in part, specific new and/or existing eligible green projects.
  • Did BMO deliver the first labelled green loan in Canadian history?
  • BMO’s Commercial Banking, Capital Markets and Sustainable Finance teams recently helped deliver the first labelled Green Loan in Canadian history. The labelled Green Loan was provided to Atlantic Packaging, with loan proceeds used to finance a new 100% recycled containerboard facility in Whitby, Ontario.
  • Does BMO have a green financing framework?
  • In conjunction with the loan, BMO worked with Atlantic to publish a Green Financing Framework containing additional information on the loan and the company’s overarching commitment to a sustainable future.
  • Will a Canadian Green Bank become part of the Canadian Infrastructure Bank?
  • Some hope a Canadian Green Bank will eventually emerge from the growing interest. Specifically, Geoff Cape, CEO of Toronto community action group Evergreen, would like to see a Green Bank become part of the Canadian Infrastructure Bank.
  • Will Green Loans reach $20 billion in Canada?
  • Green Loans are growing fast. In fact, financing tied to measurable and verifiable sustainability objectives may soon reach $20 billion in Canada, according to Bloomberg.

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