UPDATE Nov 16, 2018: TransLink issued its first-ever Green Bond, becoming the first transit agency in Canada to do so, helping to satisfy strong investor interest in organizations with a compelling environmental story to tell. The bond, valued at $400 million, is TransLink’s largest bond issuance.
At TransLink, we take environmental stewardship very seriously. We also constantly spend capital to improve our transit network, so YOU, our customers, can benefit from it.
We all know public transit is a greener choice – it takes away cars from the roads, thereby reducing our cumulative carbon footprint.
With this responsibility in mind, TransLink’s Board of Directors has given the green light to issue green bonds as one way to finance the largest expansion to transit service in our region’s history — the 10-Year Vision.
What are green bonds, you might wonder?