GRAND CAYMAN, Cayman Islands, Nov. 3, 2025 /CNW/ - Caribbean Utilities Company, Ltd. ("CUC" or the "Company") is pleased to announce the publication of the Company's inaugural 2025 Green Finance Report (the "Report"). The Report details how funds raised in May 2024 were allocated to eligible green projects. CUC views green financing as a transformative evolution in the financial sector, where investors focused on environmental sustainability, social responsibility, and long-term economic resilience are increasingly shaping the global transition to a low-carbon future. This Report reaffirms CUC's dedication to sustainable finance and offers meaningful insights into its ongoing progress and initiatives in this critical area.
The report also underscores CUC's commitment to transparency through its Green Financing Framework (the "Framework"), designed to ensure that capital is directed toward projects and initiatives that advance environmental sustainability. The Framework outlines the parameters for issuing Green Bonds, Loans, Commercial Paper, and other financial instruments, aligned with CUC's commitment to supporting the transition to a low-carbon economy.
Letitia Lawrence, Vice President of Finance, Corporate Service and Chief Financial Officer of CUC stated, "This Report reflects our dedication to transparency and accountability in how we finance and deliver sustainable solutions. Green financing is not just a funding mechanism — it's a strategic tool for shaping a resilient and climate-conscious future for our region."
Highlights from the 2025 Green Finance Report include:
-
US$50 Million
allocated to green projects from May 15, 2022 to May 31, 2025.
- Estimated reduction of 8,551metric tons of CO₂ through funded initiatives.
- Alignment with international standards such as the International Capital Market Association's Green Bond Principles and United Nations Sustainable Development Goals.
The report also includes third-party verification on the allocation of net proceeds from the US$40 Million 2024-A series and US$10 Million 2024-B series Green Notes.
Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange under the trading symbol "CUP.U".
Caribbean Utilities Company, Ltd. ("CUC" or the "Company"), on occasion, includes forward-looking statements in its media releases, Canadian securities regulatory authorities filings, shareholder reports and other communications. Forward-looking statements include statements that are predictive in nature, depend upon future events or conditions, or include words such as "expects", "anticipates", "plan", "believes", "estimates", "intends", "targets", "projects", "forecasts", "schedule", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". Forward-looking statements are based on underlying assumptions and management's beliefs, estimates and opinions, and are subject to certain risks and uncertainties surrounding future expectations generally that may cause actual results to vary from plans, targets and estimates. Such risks and uncertainties include but are not limited to operational, general economic, market and business conditions, regulatory developments and weather conditions. CUC cautions readers that actual results may vary significantly from those expected should certain risks or uncertainties materialize or should underlying assumptions prove incorrect. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
The Green Finance Report can be found on the CUC website here: https://www.cuc-cayman.com/sustainability
SOURCE Caribbean Utilities Company, Ltd.
