Montréal, Canada, October 30, 2025 —The Public Sector Pension Investment Board (PSP Investments) announced today that it has updated its Green Bond Framework in response to recent developments in sustainable bond markets.
PSP Investments’ Green Bond Framework outlines the criteria for allocating proceeds from green bond issuances to projects that promote the development of environmental and climate benefits and are aligned with the organization’s broader mandate of long-term value creation.
In reviewing the updated framework, S&P Global Ratings (S&P) has maintained its Medium green assessment under its Shades of Green Analytical Approach. S&P has also confirmed in its assessment that the framework adheres to the International Capital Market Association's (ICMA's) Green Enabling Projects Guidance.
BMO Capital Markets and NBC Capital Markets acted as advisors to PSP Investments in connection with the Green Bond Framework updates.
For more information about the categories eligible for investment of net proceeds from green bond issuances, consult PSP Investments’ Green Bond Framework and the S&P Global Ratings Second Party Opinion. PSP Investments’ 2025 Green Bond Impact Report can be consulted.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $299.7 billion of net assets under management as of March 31, 2025. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
Media contact
Maria Constantinescu
PSP Investments
Canada: 514-218-3795
Toll-free: 1-844-525-3795
media@investpsp.ca