Anglian Water has this week taken what it describes as the “final step in the company’s commitment to embed purpose at its core”, with the publication of a new sustainability linked bond framework that will enable it to launch green bonds connected directly to achieving its interim carbon targets. The utility has targets in place to reduce capital carbon by 65 per cent from a 2010 baseline, and operational carbon by 30 per cent from 2019/20 levels, by 2025, as part of an industry-wide strategy to deliver net zero emissions by 2030. The company said its new financing framework would allow it to become the first utility to link its emissions targets specifically to a bond that would mean it can raise funds at a more competitive rate. The bond, worth £250m, will be ploughed into capital investment schemes that aim to ensure future resilience and water security for the east of England in the face of climate change and a rapidly growing population, the company said.
Business Green 18th June 2021 read more »
Times 18th June 2021 read more »