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MONTREAL, Oct. 31, 2022 (GLOBE NEWSWIRE) — Laurentian Bank of Canada (TSX: LB) (Laurentian bench) announced today the release of its first sustainable bond framework (Frame”) as part of its ongoing commitment to driving new ESG initiatives that positively impact its customers, investors, employees and communities.

Sustainalytics – a leading global provider of independent ESG and corporate governance research, ratings and analysis – has prepared a second party opinion on the Framework and found the Framework to be credible and effective and consistent with the International Capital Market’s Green Bond Principles 2021 Association (ICMA), the Social Bond Principles 2021 and the Sustainability Bond Guidelines 2021.

Under the Framework, Laurentian Bank can issue Green Bonds, Social Bonds and Sustainability Bonds, collectively referred to as Sustainable Bonds. In each case, the issue proceeds will be used to finance or refinance appropriate projects, loans and investments that have a positive impact on climate change and social inequalities. Eligible categories include renewable energy, green buildings, energy efficiency, low-carbon transport, affordable housing, access to essential services, female-dominated SME finance, and diversity and inclusion leadership.

“At Laurentian Bank, we believe we can change banking for the better by helping our clients make better choices around environmental, social and governance (ESG) best practices. The launch of this sustainable bond framework is a crucial step in the execution of the bank’s strategic plan, which is anchored in the commitment to integrate ESG into all our operations and activities.”

– Rania Llewellyn, President and CEO, Laurentian Bank

A copy of framethe Second opinion from Sustainalyticsand the latest IT G…