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HomeWealth ManagementBMO expands sustainable bond framework

BMO expands sustainable bond framework

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This framework, which achieved a ‘Very Good’ Sustainability High quality Rating (SQS2) from Moody’s in its Second Celebration Opinion, spans eighteen classes of use throughout these bond sorts.

The proceeds from every bond sort are designated for financing or refinancing, wholly or partially, new, or current property.

These property should align with the core parts of the Worldwide Capital Market Affiliation’s (ICMA) ideas and pointers, together with the Inexperienced Bond Ideas (2021), Social Bond Ideas (2023), and Sustainability Bond Pointers (2021), in addition to the Local weather Transition Finance Handbook (2023) by ICMA for transition bonds.

In acknowledgment of nuclear energy’s significance within the vitality transition, BMO has categorized nuclear vitality as a certified exercise for inexperienced financing inside the framework.

Eligible nuclear vitality actions embody the deployment and operation of nuclear energy-producing applied sciences, the development and operation of latest nuclear energy vegetation, and the life extension and refurbishment of current amenities.

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