Sustainable Finance
Green Bonds
As a business, our commitment to sustainability also extends to the financing of our global operations.
Through the issuance of our Green Bonds on May 10th 2021, the first of its kind by a convenience and fuel retailer, we aim to finance a low-carbon and sustainable future through expenditures that align with our desire to contribute to a cleaner and safer world. We hope the issuance of our Green Bonds will inspire other similar companies to do the same.
Learn more about our global sustainability journey and focus areas: (here) or read our latest sustainability report (here).
Alignment with the Green Bond Principles
The Green Bond Principles, 2018 (“GBP”), as administered by the International Capital Market Association (“ICMA”), are voluntary process guidelines for best practices when issuing Green Bonds. The GBP recommend transparency, disclosure and promote integrity in the Green Bond Market. The Couche-Tard Green Bond Framework is aligned with the four core components of the GBP.
Use of Proceeds
As outlined in the Couche-Tard Green Bond Framework, an amount equal to the proceeds of the Green Bond will be used to finance or refinance, in whole or in part, Couche-Tard’s new or existing environmentally friendly projects and community initiatives in six categories: clean transportation; energy efficiency; renewable energy; pollution prevention and control; sustainable water and wastewater management; and green buildings.
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"This initiative marks an important milestone in our journey to create sustainable value for all our stakeholders. We have already set our sights high by establishing ambitious targets around key areas where we believe we can have a meaningful impact. We are now taking a further step towards providing greater transparency and engagement on our efforts and our desire to have a positive impact on the communities we serve and the world around us."
Brian Hannasch, President and CEO
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"With the launch of our second sustainability report in 2020, we created a more defined framework and strengthened how we incorporate sustainability in our way of thinking and decision-marking, making it now a lens to our business and pushing forward our commitment to actionable results. This offering will allow us to accelerate investments towards the ambitious priorities that we previously laid out."
Ina Strand, Chief People Officer & leader of Couche-Tard’s sustainability efforts