Transition Debt Is Next Leg of Canadian ESG Markets Rollout

Posted by David Logan

Date: August 30, 2022

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Aug 29, 2022

(Bloomberg) Debt to finance companies’ plans to reduce pollution is likely the next phase in the environmental, social and governance-labeled debt markets in Canada, one of the world’s largest oil and natural gas producers.

Several companies are laying the groundwork to issue transition bonds by building frameworks, which typically detail criteria and investor disclosures needed to sell the debt, said Jonathan Hackett, head of sustainable finance and co-head of the Energy Transition Group at Bank of Montreal’s capital markets unit. The lender and Royal Bank of Canada advised Export Development Canada on a

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