Second-Party Opinion Download

Sustainalytics is of the opinion that the Capital Power Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2021. The project category for the Use of Proceeds – Renewable Energy – is aligned with those recognized by the Green Bond Principles 2021 and the Green Loan principles 2021. Sustainalytics considers that investments in the project category will lead to positive environmental impacts and considers investments in renewable energy projects to be credible from a transition perspective. 

Sustainalytics has evaluated Capital Power’s transition governance, strategy, decarbonization targets, and intentions to report on transition progress and finds the Company to be partially aligned1 with the recommendations of the Climate Transition Finance Handbook 2020. As a power generation company, Capital Power is involved in a carbon intensive sector and has developed a multi-pronged roadmap to become carbon neutral by 2050.