Sustainability Concordia's "sustainability hub" promotes sustainable development.Sustainability hub Concordia.ca In February 2019, Concordia became the first university in Canada to issue a sustainable bond. According to the university webpage the bond will "generate environmental and social benefits as defined by the United Nations' Sustainable Development Goals". According to Denis Cossette, the university's chief financial officer, "the $25-million senior unsecured bond offers investors a 3.626 per cent yield and has a duration of 20 years." Because of this bond, Concordia would be able to issue sustainable bonds instead of green bonds.
Sustainability Concordia's "sustainability hub" promotes sustainable developmentSustainability hub Concordiaca In February 2019 Concordia became the first university in Canada to issue a sustainable bond According to the university webpage the bond will "generate environmental and social benefits as defined by the United Nations' Sustainable Development Goals" According to Denis Cossette the university's chief financial officer "the $25-million senior unsecured bond offers investors a 3626 per cent yield and has a duration of 20 years" Because of this bond Concordia would be able to issue sustainable bonds instead of green bonds