Proceeds will fund eligible projects that promote a transition to a low-carbon economy
PITTSBURGH, November 1, 2019 /3BL Media/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the closing of its inaugural Green Bond issuance. The proceeds will fund eligible projects that promote a transition to a low-carbon economy and offer sustainability benefits across three categories aligned with the United Nations Sustainable Development Goals, including renewable energy, energy efficiency and green buildings.
Names First Chief Sustainability Officer as Company Advances Agenda to Help Build a More Sustainable Food System
PURCHASE, N.Y., Oct. 7, 2019 /3BL Media/ -- PepsiCo Inc. (NASDAQ:PEP) today announced that it has priced the company's first ever Green Bond. The net proceeds from the US$1 billion Green Bond offering will fund a series of key initiatives to advance PepsiCo's sustainability agenda. The company also announced that it has named PepsiCo leader Simon Lowden as its first Chief Sustainability Officer.
Green bonds are an example of innovation in financial services, allowing companies and investors to direct their capital to projects that are helping the transition to the low-carbon economy. Karen Clarke-Whistler, TD Bank Group's Chief Environment Officer and Amy West, Head of Socially Responsible Finance at TD Securities, talk about why green bonds are worth a second look for companies and investors alike.
Green Bond Will Help Build Low Carbon Green Projects Across North America
September 12, 2017 /3BL Media/ - TD Bank Group (TD) (TSX: TD) announced today that it closed on the issuance of a US$1 billion green bond, its first in US dollars and one of the largest green bonds ever issued by a bank. Initially targeting an issue size of US$500 million, the transaction was upsized to US$1 billion and almost 70% of the issue went to green investors.
In 2014, TD Bank Group issued a $500 million green bond, the first in Canada by a commercial bank. The three-year bond was oversubscribed, attracting several socially responsible investment (SRI) funds and new investors to the bank.
February 2, 2017 /3BL Media/ - On January 26, 2017, TD Securities acted as a joint lead for the Province of Ontario’s third – and largest – green bond. At $800 million this is the largest issuance of a Canadian dollar green bond to date.
Over the last seven years, the growth of the green bond market has boomed – with more than $150 billion in issuances since 2010, according to Bloomberg.
Bond Proceeds to Fund New Consumer Loans and Leases for Toyota’s Leading Portfolio of Green Vehicles
TORRANCE, Calif., May 23, 2016 /3BL Media/ – Demonstrating an ongoing commitment to supporting the sale of green vehicles, Toyota Financial Services (TFS) issued its third Asset-Backed Green Bond in the amount of $1.6 billion. TFS revolutionized the Green Bond market by introducing the auto industry’s first-ever Asset-Backed Green Bond in 2014. Green Bonds are an important component of TFS’ broad-ranging funding program and serve to enhance Toyota’s already extensive green commitment.