Investing in Green Infrastructure
By developing and investing in new green infrastructure, Covanta is helping to meet the needs of a fast-changing market and accelerate the green transition. These efforts demonstrate our commitment to environmental sustainability and to protecting tomorrow today.
As part of Covanta’s commitment to and ongoing investment in environmental sustainability, we issued our first set of green bonds in August 2019. The USD50 million in tax-exempt bonds—issued through the Pennsylvania Economic Development Financing Authority, with a 20-year maturity and a coupon of 3.25 percent—comply with the Green Bond Principles. This bond issuance will finance eligible expenditures at selected facilities in Pennsylvania, including costs related to our metals recycling activities, construction of our new TAPS facility, and maintenance costs of our WTE facility.