Anglian Water raises £225m of green finance in Canadian bond market

Anglian Water has continued its journey pioneering sustainable finance in becoming the first UK company to issue a corporate green bond in the Canadian bond market.

The £225m raised will specifically fund Anglian Water’s Strategic Pipeline Alliance (SPA) which is delivering a brand new network of hundreds of kilometres of large-scale interconnecting pipelines to move water around the region and increase resilience to scarcity and drought.

Anglian Water’s group treasurer, Jane Pilcher, said: “Ours is the driest region in the UK and particularly vulnerable to climate change. Therefore reducing our carbon emissions and adapting to the climate emergency is embedded in everything we do. Spend on resilience to climate change and environmental protection is vitally important. This focus is why 100% of our debt raised in 2021/22 was sustainable finance.”

This is the eleventh green bond issued by Anglian Water. The company recently published its 2022 Sustainable Finance Impact Report consolidating its financial and sustainability performance as part of its Environmental and Social Governance (ESG) commitments. In 2017, it issued the first ever public utility sector Sterling (GBP) Green Bond and last year, it became the first water company in the world to issue a sustainability-linked bond tied to net zero commitments.