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Bell announces first Sustainability-Linked Derivatives
Bell announces first Sustainability-Linked Derivatives Canada NewsWire Supporti...
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[{"type":"text","content":"\n \n \n \n Bell announces first Sustainability-Linked Derivatives\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Supporting our ongoing objective to achieve the highest environmental, social and governance standards\n \n \n \n MONTRÉAL\n \n ,\n \n \n May 24, 2023\n \n \n /CNW/ -\n \n Bell Canada\n \n (Bell) announced today that it has entered into its first Sustainability-Linked Derivatives (SLDs). The SLDs leverage Bell's ambitious key performance indicators (KPIs) designed to measure performance on environmental, social and governance (ESG) targets and underscores Bell's continued objective to achieve the highest ESG standards and our purpose to advance how Canadians connect with each other and the world.\n \n \n \"We're proud to announce our inaugural Sustainability-Linked Derivatives. This new initiative, combined with the publication of our first Integrated Annual Report earlier in March, demonstrates our focus on integrating sustainability within our financial performance and aligns with our ESG objectives to make a positive difference with our investments, supporting a more sustainable and prosperous future.\"\n \n \n –\n \n Curtis Millen\n \n , SVP, Corporate Strategy & Treasurer, BCE and Bell\n \n \n The SLDs introduce a pricing adjustment that increases the derivatives' cost based on Bell's performance towards its science-based target to reduce its operational GHG emissions (Scope 1 and 2) of 58% by 2030 from a 2020 base year with the\n \n \n Science Based Targets initiative\n \n \n \n 1\n \n (...