Province of Ontario

Unverified
XFID Unique Identifier for Province of Ontario: XO9GG7AIM1
Country
XX
Sector
Sub-Sovereign
Website
www.spglobal.com
2 Second Party Opinions
2 Frameworks
XFID Type Title Year Source Retrieved
XF-J3PPQM2-9 Second Party Opinion Ontario Sustainable Bond Framework Second-Party Opinion (2024) 2024 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 2 Mar 2026
XF-TIOWW2A-X Second Party Opinion Ontario Province (Methodology of Shades of Green, formerly part of CICERO) 2014 www.spglobal.com 25 Feb 2026
XF-8WMO75O-L Framework green bond framework www.ofina.on.ca 21 Feb 2026
XF-R2LBZEV-J Framework Oct7 22 DMTN251 en 2022 www.ofina.on.ca 21 Feb 2026

Press Coverage (2)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE O Public Administration & Defence

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
Province of Ontario, Canada FRAMEWORK 2024 2024
Issuer sector/industry classification
Public Administration & Defence FRAMEWORK 2024
Issuer organizational structure
Provincial government FRAMEWORK 2024 2024
Issuer type
Sovereign/Sub-sovereign government FRAMEWORK 2024 2024

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Ontario Sustainable Bond Framework FRAMEWORK 2024 2024
Bond types covered under framework
Green bonds, social bonds, sustainability bonds FRAMEWORK 2024 2024
Eligible use-of-proceeds categories
Green Bond Principles eligible categories and Social Bond Principles eligible categories; Clean Transportation projects FRAMEWORK 2022 2022
Project evaluation and selection process description
The Ontario Financing Authority (OFA) in collaboration with the Province's Sustainable Bond Advisory Panel (SBAP) oversee project evaluation and selection. The SBAP identifies and evaluates environmental and social risks for all allocation decisions. FRAMEWORK 2024 2024
Management of proceeds approach
The OFA is responsible for allocation of proceeds to eligible assets and tracks proceeds through an internal tracking system. Allocation within 12 months of issuance intended. FRAMEWORK 2024 2024
Reporting commitments under framework
Annual reporting on allocation of proceeds until full allocation; breakdown by project category; balance of unallocated proceeds; relevant impact metrics FRAMEWORK 2024 2024
Temporary investment of unallocated proceeds
Short-term Government of Canada treasury bills FRAMEWORK 2024 2024

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, 2024 SPO 2024 2024
SPO preliminary evaluation or credibility rating
Credible and impactful SPO 2024 2024
Pre-issuance or post-issuance verification type
Pre-issuance verification SPO 2024 2024

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles 2021 FRAMEWORK 2024 2024
Alignment with UN Sustainable Development Goals
SDGs 3, 4, 6, 7, 8, 9, 11, 12, 13, 14, and 15 FRAMEWORK 2024 2024
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Aligned with Social Bond Principles 2023 and Sustainability Bond Guidelines 2021 FRAMEWORK 2024 2024

Issuance Details

Bond instrument type
Green bond FRAMEWORK 2022 2022
Bond issuance date
October 5, 2022 FRAMEWORK 2022 2022
Par or principal amount of bond and currency
$1.0 billion CAD FRAMEWORK 2022 2022
Green bond first issuance year
2014 FRAMEWORK 2022 2022
Years of green bond issuance history
2014 to 2022; $13.5 billion cumulative issuance FRAMEWORK 2022 2022
Bond maturity date
November 2029 FRAMEWORK 2022 2022

Proceeds Allocation & Reporting

Annual allocation reporting period
Annual reporting FRAMEWORK 2024 2024
Fund tracking and management system
Internal tracking system FRAMEWORK 2024 2024

Changes Over Time

Items where disclosed information changed across documents.

Issuer country/jurisdiction
2014 Canada (Ontario)
2022 Canada
Sustainable bond framework name
2014 Ontario's Green Bond framework
2024 Ontario Sustainable Bond Framework
Bond types covered under framework
2014 Green Bond
2024 Green bonds, Social bonds, Sustainability bonds
Eligible use-of-proceeds categories
2014 Clean transportation, Energy efficiency and conservation (environmental certification systems for buildings), Clean energy and technology, Forestry/agriculture/land management, Adaptation projects
2022 Clean Transportation - electrification of Ontario's mass transit system
Management of proceeds approach
2024 The OFA is responsible for allocation of proceeds to eligible assets and tracks proceeds through an internal tracking system. Unallocated proceeds are temporarily invested in short-term Government of Canada treasury bills.
2024 OFA responsible for allocation to eligible assets with internal tracking system. Proceeds allocated within 12 months of issuance. Pending allocation, proceeds temporarily invested in short-term Government of Canada treasury bills.
Fund tracking and management system
2024 Internal tracking system maintained by Ontario Financing Authority
2024 Internal tracking system managed by Ontario Financing Authority