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Anglian Water has issued its first green bond in the Canadian market to fund its pipeline resilience scheme.
The £225 million bond will fund Anglian’s strategic pipeline alliance (SPA) project moving water from Lincolnshire south to areas prone to drought.
It is the first time a UK company has issued a corporate green bond in the “Maple” market.
“The Maple bond market is a stable and growing sustainable finance market, so for us it’s presented an opportunity to continue our sustainable financing strategy,” company group treasurer Jane Pilcher said.
Anglian issued its first green bond in 2017 and last year issued its first sustainability-linked bond tied to net zero commitments.
The Maple bond will be the 11th bond issued by Anglian. The company recently set out how group financial and sustainability performance align as part of its purpose as an organisation driven by Environmental and Social Governance (ESG).
The SPA will feature hundreds of kilometres of interconnecting pipe to move water resources from wetter to drier parts of the region. As well as making supplies more resilient, the scheme will allow the company to reduce abstractions from rivers and streams, thus leaving more water in the natural environment.
Infrastructure, investment and resilience will feature in discussions across Utility Week Forum in London this November. Find out more and to register, read here.
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