Brookfield Renewable Announces Updated Green Financing Framework
January 04 2024 - 4:00PM
Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC)
(“Brookfield Renewable”) today released an update to our Green
Financing Framework to incorporate eligible investment categories
in-line with our strategy to invest in businesses and projects that
support the transition to net zero.
The updated framework sets parameters in
accordance with the latest Green Bond Principles (2021) and Green
Loan Principles (2023), provides for enhanced allocation and impact
reporting, as well as provides for independent third-party
assurance on use of proceeds. S&P Global has provided a Second
Party Opinion (SPO) report which confirmed alignment with the
Principles.
The Green Financing Framework and SPO are
available on Brookfield Renewable’s website.
Brookfield Renewable
Brookfield Renewable operates one of the world’s
largest publicly traded platforms for renewable power and
decarbonization solutions. Our portfolio consists of hydroelectric,
wind, utility-scale solar and storage facilities in North America,
South America, Europe and Asia, and totals approximately 31,800
megawatts of installed capacity and a development pipeline of
approximately 143,400 megawatts of renewable power assets, 14
million metric tonnes per annum (“MMTPA”) of carbon capture and
storage, 2 million tons of recycled material and 4 million metric
million British thermal units of renewable natural gas production
annually. Investors can access its portfolio either through
Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a
Bermuda-based limited partnership, or Brookfield Renewable
Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further
information is available at https://bep.brookfield.com. Important
information may be disseminated exclusively via the website;
investors should consult the site to access this information.
Brookfield Renewable is the flagship listed
renewable power company of Brookfield Asset Management, a leading
global alternative asset manager with approximately $850 billion of
assets under management.
Contact information: |
|
Media: |
Investors: |
Simon Maine |
Alex Jackson |
+44 7398 909 278 |
+ (416) 649-8172 |
simon.maine@brookfield.com |
alexander.jackson@brookfield.com |
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