Anglian Water has financed 850 capital investment projects through its Green Bonds scheme since it launched in 2017.
The company has allocated £876 million to ventures including innovative abstraction programmes, work on drought and flood resilience, water recycling and water resource management plans.
The company said an equivalent in excess of 161,000 tonnes of carbon dioxide has been saved because of the schemes.
Anglian was the first utility company in Europe to issue such bonds in 2017 to projects that contribute to five core objectives. These are climate change mitigation, climate adaptation, natural resource conservation, biodiversity conservation, and pollution prevention and control.
All Anglian’s own capex projects qualify for the Bond after sustainability was added to its Articles of Association.
The £250 million, eight-year bond will mature in August 2025 with a return to investors of 1.625 per cent. Since the debt transaction was launched Anglian has raised a further £627 million of Green Bonds from investors in the UK and US.
Steve Buck, chief financial officer at Anglian, said: “Sustainable finance has never been higher on the corporate agenda. Forward-thinking investors recognise that environmental and social responsibility is no longer an afterthought, but a fundamental part of their decision-making process. They are looking to make investments that enable the right choices to be made to safeguard the planet, while enabling sustainable growth.”
Anglian’s capital programme for AMP7 will, the company said, be funded by raising capital as sustainable finance and using liquidity bank facilities that incentivise the delivery of environmental and social goals.