Green Bond Fact Sheet
Canada Pension Plan Investment Board

Date: 14-Jun-2018

Issue date: 15-Jun-2018 Maturity date: 15-Jun-2028 Tenor: 10Issuer Name

Canada Pension PlanInvestment Board

Amount Issued

CAD1.5bn (USD1.1bn)

Country of risk

CanadaCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

CICERO

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☒ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐Bus rapid transit☐Passenger trains☐Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☒ Water treatment☒ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐Afforestation/parks☐FSC Forestry☐FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐Adaptation &resilience☐ICT☐Industry: process

Issue details
Reporting

The issuer commits to annual proceed allocation reporting, which will be available
on the investor relations section of the CPPIB website.

Company information

The Canada Pension Plan Investment Board (CPPIB) is a professional investment
management organization that invests the funds of the Canada Pension Plan not
currently needed to pay pension, disability and survivor benefits. CPPIB invests onbehalf of its 20 million Canadian contributors and beneficiaries while being
independent of the Canada Pension Plan (CPP).

Firsts, records andcertificationsFirst green bond issuance from a pension fund and largest green issue from a
Canadian issuer.

Climate Bonds view

Proceeds will be allocated to solar and wind assets, sustainable water andwastewater management, and LEED Platinum certified green buildings. CICERO
notes the issuer has not implemented a system to measure the environmental
impacts of the financed projects, which has implications on transparency.
Pension funds have a critical role to play in mobilising capital flows towards green
and climate-related investments. CPPIB has paved the way and set a highbenchmark for the industry to mirror. We agree with CICERO that impact reportingis essential to provide evidence on the investment projects’ green credentials andhope to see issuers committing to high reporting standards going forward.

Underwriters

CIBC World Markets, RBC Dominion Securities

Proceeds description

Deal comments
Credit Rating

AAA (S&P)

Pricing summary
Investors summary1

The deal attracted 79 buyers with demand at $2.7 billion, according to a CPPIB
statement. (source)

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign