Trisura Group, a specialty insurance provider, closed a sustainability-linked credit facility with BMO Capital Markets. The sustainability-linked loan is linked to Trisura’s ambition to further incorporate ESG considerations into its investment activities. The structure introduces an incentive mechanism tied to key performance indicators around Trisura’s responsible activities, including disclosure.
“The sustainability-linked credit facility underscores Trisura’s commitment to responsible investing, which is aligned with its fiduciary responsibilities for delivering appropriate long-term investment performance,” David Scotland, CFO of Trisura Group, said. “These efforts involve not only integrating ESG into our investment processes, but also enhancing our communication of key metrics and practices around ESG to Trisura’s broader stakeholders.”
“BMO is delighted to work with Trisura on its first sustainable finance transaction. Helping align the business’s financing strategy with its ESG ambitions is part of our “purpose to boldly grow the good”, in business and life, by being our clients’ lead partner in their transition to a net-zero world,” Jonathan Hackett, head of sustainable finance at BMO Capital Markets, said. “Sustainable lending continues to grow rapidly worldwide and in Canada, and BMO is proud to be the leading Canadian bank for SLL structuring.”
