Northland Power Inc.

Unverified
XFID Unique Identifier for Northland Power Inc.: XOVVRQVQK9
Country
Canada
Sector
Utilities
Website
www.northlandpower.com
3 Second Party Opinions

Documents (3)

Second Party Opinion
XFID Type Title Year Source Retrieved
XF-RS53SSM-G Second Party Opinion Northland Power Green Financing Framework Second-Party Opinion 2021 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-YXO6HU9-3 Second Party Opinion Northland Power Green Financing Framework Second-Party Opinion Update (2021) 2021 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-4YWH416-P Second Party Opinion Northland Power Green Financing Framework Second Party Opinion (2023) 2023 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 2 Mar 2026

XF Company Profile

Extra-financial information found across 3 documents in the XframeworkID registry

NACE D Electricity, Gas & Steam Supply

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Northland Power Inc., Canada SPO 2023
Issuer sector/industry classification
Electricity, Gas & Steam Supply Company Profile
Issuer type
Utility Company Profile

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, May 09, 2023 SPO 2023
SPO preliminary evaluation or credibility rating
Credible and impactful SPO 2023

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Northland Power Green Financing Framework SPO 2023
Eligible use-of-proceeds categories
Renewable Energy SPO 2023
Project evaluation and selection process description
Investment Committee identifies eligible projects; operations and asset management groups identify expenditures; ESG Steering Committee makes final selection SPO 2023
Management of proceeds approach
Global Treasury team monitors proceeds; reported to ESG Steering Committee SPO 2023
Temporary investment of unallocated proceeds
Held in cash reserves pending full allocation within 24 months SPO 2023
Financing timeline
24 months SPO 2023
Reporting commitments under framework
Annual reporting on website including list of eligible projects and amount of proceeds SPO 2023

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligns with Green Bond Principles 2021 and Green Loan Principles 2023 SPO 2023
Alignment with UN Sustainable Development Goals
SDG 7 - Affordable and Clean Energy SPO 2023

Changes Over Time

Items where disclosed information changed across documents.

Management of proceeds approach
2021 Monitored by Global Treasury team and reported to ESG Steering Committee; allocation within 24 months of issuance →
2023 Proceeds monitored by Global Treasury team, reported to ESG Steering Committee; allocation within 24 months; unallocated proceeds held in cash reserves
Reporting commitments under framework
2021 Annual reporting on allocation of proceeds and impact metrics; list of eligible projects, amount allocated by category, and balance of unallocated proceeds →
2023 Annual reporting on allocation of proceeds on company website; includes list of eligible projects and amount of proceeds