Project Details
Project
OPG Sustainable Finance Framework Impact Report (2025)
Client
OPG
Project Type
Impact Reports
Industry Group
Utilities
Use of Proceeds
Renewable energy; Climate change adaptation; Nuclear energy;
Location
Canada
Evaluation Date
Aug 2025
Evaluation Summary
Sustainalytics has calculated the estimated impact achieved by OPG’s green bond issuances since the inaugural green bond issuance in 2018. As of 31 December 2024, OPG had a total green bond issuance of CAD 4.6 billion (USD 3.3 billion), including CAD 825 million (USD 600 million) of green bonds issued by Lower Mattagami Energy Limited Partnership (LME), a wholly-owned subsidiary of OPG. A total of CAD 4.6 billion has been allocated to projects under the Renewable Energy, Nuclear Energy, and Climate Adaptation and Resilience categories in Canada and the United States. For a representative year, Sustainalytics has calculated 1,047 kilotonnes of avoided emissions in CO2e.