Ivanhoé Cambridge converts $6.8b of corporate financing by indexing it to its ESG performance
Ivanhoé Cambridge has been pursuing its commitments to corporate social responsibility (CSR) and sustainable investment by converting its corporate program of term loans and lines of credit provided by its financial partners, including the CDPQ, by aligning them with its ESG performance. The purpose of this innovative conversion program is to index the company's financing costs to its extra-financial performance. The corporate financings represent C$8.5 billion ($6.8 billion) to date.
The key performance indicators (KPIs) that Ivanhoé Cambridge uses to improve its extra-financial performance include low-carbon investments, the carbon intensity of its portfolio and, more generally, the portfolio’s ESG as measured by the GRESB score. A solid ESG performance, as measured by these KPIs, will enable Ivanhoé Cambridge to access more advantageous financing conditions. Conversely, a deterioration of its ESG performance will be penalized, confirming Ivanhoé Cambridge’s ambitio