Ivanhoé Cambridge’s Sustainable Bonds
Ivanhoé Cambridge, which today operates under the La Caisse brand, has pursued sustainable financing initiatives since 2017 through a variety of instruments. It was the first real estate company in Canada to issue a $300 million green bond in December 2019. It subsequently issued $300 million in senior unsecured sustainable bonds in May 2023.
Documentation
Ivanhoé Cambridge Sustainable Financing Framework
In May 2023, Ivanhoé Cambridge published a new sustainable financing framework. It replaced the Green Bond Framework and is aligned with the 2021 Sustainability Bond Guidelines, 2021 Green Bond Principles, the 2021 Social Bond Principles, the 2023 Green Loan Principles and the 2023 Social Loan Principles.
Second-party opinion from Sustainalytics – 2023
Ivanhoé Cambridge submitted its Sustainable Financing Framework to Sustainalytics to validate its compliance, receiving this opinion which confirmed its credibility, impact and alignment with the 2021 Sustainability Bond Guidelines, the 2021 Green Bond Principles, the 2021 Social Bond Principles, the 2023 Green Loan Principles and the 2023 Social Loan Principles.
Sustainable bonds allocation report
This report sets out how Ivanhoé Cambridge allocated the proceeds of the $300
External review of the allocation report
Ivanhoé Cambridge hired Sustainalytics to carry out an external and independent verification of the projects financed under its 2023