Green Financing Framework

Bruce Power’s Green Financing Framework helps the company invest in projects that contribute to Canada’s prosperous, clean energy future, and advance its climate change objectives.

The Green Financing Framework is designed to guide future issuances of green bonds for eligible investments associated with the company’s Life-Extension Program, increasing the output of the existing units and investments in new installations to produce electricity that displace other carbon-emitting electricity generators. These investments will focus on increasing efficiency, extending the facility’s life beyond 2060, and continuing to play a critical role in providing clean, low-carbon electricity for the Province of Ontario.

The company’s inaugural 2021 Green Bond was a global first for nuclear power, and recognition of the critical role nuclear technology plays in fighting climate change and enabling a Net Zero future.

In 2023 Bruce Power updated its Green Financing Framework. The Framework received a Second Party Opinion from S&P Global Ratings, a leading provider of second party opinions on green financings, under the Shades of Green analytical approach, formerly part of CICERO. S&P Global Ratings assessed the Framework as ‘Medium Green’ on a scale of Light, Medium and Dark. S&P Global Ratings indicated that the Framework is Aligned with the Green Bond Principles issued by the International Capital Markets Association (ICMA), 2021 (with June 2022 Appendix 1) and the Green Loan Principles issued by the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA) and the Asia Pacific Loan Market Association (APLMA).