Ontario (Province of) Green Bonds
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Environment||Sustainable Energy||N America||2017,2019||
Improving access to public transport, new mobility options and improving energy efficiency are central to improving the liveability of our cities. The Province of Ontario Green Bond program helps Ontario finance transit and other environmentally friendly projects across the Province.
Projects funded under the program can include clean transportation, energy efficiency and conservation, clean energy and technology (such as smart grid infrastructure and storage and renewables), forestry, agriculture and land management, and climate adaptation and resilience projects. The financing excludes fossil fuel and nuclear energy projects.
QBE is invested in two of the province’s green bonds issued since 2014. Together, the bonds finance clean transportation and energy efficiency and conservation projects. Some of the transportation projects include the Eglington Crosstown Light Rail Transit (LRT), Finch West LRT and GO Expansion. In addition, the bonds finance energy efficiency projects such as the Centre for Addiction and Mental Health, St. Joseph’s Healthcare Hamilton – West Fifth Campus, St. Joseph’s Healthcare London (Parkwood) and St. Thomas, and the ErinoakKids Centre for Treatment and Development.