BMO and Bell Canada Execute Innovative Sustainability-Linked Derivative Tied to Ambitious GHG Emission Reduction Targets
TORONTO, May 30, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) and Bell Canada ("Bell") have entered into a Sustainability-Linked Derivative (SLD).
- TORONTO, May 30, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) and Bell Canada ("Bell") have entered into a Sustainability-Linked Derivative (SLD).
- The SPT will be measured as of 2030, and a limited assurance review of Bell's targets will be performed by an independent third party.
- Any payments received by BMO in relation to a coupon increase will be donated to a charity focused on mitigating climate change.
- "This transaction further reinforces our ESG objectives to make a positive difference with our investments, including as it relates to achieving our ambitious GHG emission reduction targets to support a more sustainable and prosperous future."