GPIF and EDC launch initiative to
promote Green Bonds
December 10, 2020
Government Pension Investment Fund (GPIF) and Export Development Canada (EDC) have recently formed a partnership to promote and develop sustainable capital markets through a focus on Green Bonds, as well as the incorporation of ESG assessments in fixed income investments.
EDC's Green Bonds are issued in alignment with the Green Bond Principles, which are administered by the International Capital Market Association (ICMA). These bonds provide investment opportunities for GPIF asset managers to contribute to make a sustainable society.
Comment by MIYAZONO Masataka, President of GPIF
We would like to leverage the success with multinational development banks in green, social and sustainability bonds partnerships in hopes to expand this to other platforms. GPIF requires all asset managers to integrate ESG into their investment analysis and decision-making. We regard purchase of Green, Social and Sustainability Bonds as one of the direct methods of ESG integration in the fixed income investment. We hope that this partnership will support catalyze investment capital into sustainable investments.
Comment by Marsha Acott, Acting Chief Financial Officer of EDC
Green Bonds are an important component of our annual funding program. They represent a great way of mobilizing funds to have a real impact on advancing clean technology development and responding to the climate change challenge. We look forward to deepening the partnership with the Government Pension Investment Fund (GPIF).
Link to the Principles and Guidelines for Green, Social and Sustainability Bonds
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need - the trade knowledge, financing solutions, equity, insurance, and connections - to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC's domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.