RE Royalties Publishes Green Bond Framework, Ranked Dark Green

RE Royalties Ltd., known for its royalty-based financing in renewable energy, announced the release of its 2024 Green Bond Framework and the 2023 Green Bond Report. The Framework, designed to fund renewable energy and clean transportation projects, was classified "Dark Green" by S&P Global Ratings. This rating suggests high consistency with a low-carbon, climate-resilient future. RE Royalties' green ventures include investments in solar, wind, and energy storage. The 2023 Report detailed the allocation of $33.8 million in green bond proceeds towards various energy projects across North America and Chile.

The company's results include funding projects that will generate approximately 638,000 megawatt hours of clean energy annually and reduce greenhouse gas emissions by around 406,000 tonnes. These environmental benefits equate to removing nearly 97,000 vehicles from the roads or planting 6.7 million trees each year. Both the Framework and Report align with the Green Bond Principles outlined by the International Market Association, ensuring transparency and accountability in their environmental commitments.