Concordia, BMO Financial Group enter sustainability-linked loan

Concordia University and BMO Financial Group have entered a sustainability-linked financing deal. The Sustainability-linked loan (SLL) is tied to the Concordia University Foundation’s public target of 100% sustainable investments by 2025, and is part of the university’s larger commitment to sustainable education and research and carbon neutrality. “In recognition of our Foundation’s work to deliver the sustainable investment portfolio it announced in 2019, the SLL is a preferred borrowing incentive that will translate to the overall benefit to the University’s cash budget and its cost of financing,” said Concordia President Graham Carr. Concordia is reportedly the first in Canada to enter into a SLL arrangement. Concordia Note: Archived stories may contain dead links or be missing source links.