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RE Royalties Publishes Green Bond Framework and Report, Assessed as Dark Green, and Announces Investor Appreciation Day
All amounts in Canadian dollars unless otherwise stated VANCOUVER, BC / ACCESSWIRE / April 19...
About this update from Re Royalties Ltd.
[{"type":"text","content":"RE Royalties Publishes Green Bond Framework and Report, Assessed as Dark Green, and Announces Investor Appreciation DayAll amounts in Canadian dollars unless otherwise statedVANCOUVER, BC / ACCESSWIRE / April 19, 2024 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) (\"RE Royalties\" or the \"Company\"), a global leader in renewable energy royalty-based financing is pleased to announce the publication of its 2024 Green Bond Framework (the \"Framework\"), assessed as Dark Green, and 2023 Green Bond Report (the \"Report\"), which highlights the Company's commitment to fostering a cleaner, greener future.The Framework provides details on how the Company's Green Bond proceeds will be used to finance or re-finance investments in renewable energy, energy efficiency, energy management, and clean transportation. The Framework received an opinion from S&P Global Ratings (\"S&P\"), a leading provider of second party opinions on green financings, under the Shades of Green analytical approach, formerly part of CICERO Shades of Green. The shades indicate how consistent a financial investment is with a low-carbon climate resilient (LCCR) future. S&P assessed the Framework as \"Dark Green,\" being the highest, or most consistent with an LCCR future. S&P concluded that the Framework is aligned with the Green Bond Principles issued by the International Market Association (ICMA) 2021.A copy of the Company's Framework can be found on RE Royalties' website, and a copy of S&P's report can be found on S&P's website.The Company also published its 2023 Green Bond Report, which outlines how proceeds from its Series 1, 2 and 3 Green Bonds were utilized, and invested in renewable energy and energy storage projects in Canada, the United States, Mexico, and Chile. The Report has also been reviewed by S&P Global Ratings, which found that the allocation of proceeds and reporting aligns with the Green Bond Framework.The Report encompasses a listing of eligible investments, alongside the current allocation of funds to each eligible category. Additionally, it discloses amounts repaid from maturing eligible investments.Key highlights of the Report include:As of December 31, 2023, net proceeds of $9.1 million from the Series 1 Green Bonds have been 100% allocated, net proceeds of $9 million from the Series 2 Green Bonds have been 100% allocat...