It is the largest Canadian-denominated green bond to date, aimed at helping to create new financing opportunities to accelerate projects ranging from green infrastructure to nature conservancy

It has also committed to provide at least $5bn by 2027 in loans, investments and other financing to support sustainable efforts of its clients

The financial services company has also made a commitment to mobilising sustainable finance to a target of $300bn by 2030

It intends to finance and facilitate a wide array of climate solutions, including renewable energy, clean technology, water conservation, green buildings and sustainable agriculture and land use

The proceeds of the bond will be allocated to green loans incentivising landlords to mitigate the impacts of climate change

It has also set a new target to reduce operational greenhouse gas emissions by 30% by 2030, compared to a 2019 baseline, using science-based approaches

The investment bank has also pledged to net zero financed emissions by 2050