Trinity Industries Leasing Company Releases Green Financing Framework

Trinity Industries Leasing Company released its green financing framework, which is supported by a second-party opinion from Sustainalytics, a Morningstar company and a provider of ESG research, ratings and data.

“As part of our commitment to sustainability, Trinity takes our commitment to reducing our environmental impact seriously as a company and as an industry,” Jean Savage, CEO and president of Trinity Industries, said. “TILC’s green financing framework is an important step to contributing to a more resource-efficient economy, embedding climate change mitigation into our business strategy and better facilitating our customers’ alignment in confronting these growing challenges.”

The green financing framework enables Trinity Industries Leasing Company to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets. Trinity Industries Leasing Company will manage and report on eligible projects and assets in line with the Green Bond Principles, 2018, and the Green Loan Principles, 2020. Under the newly issued framework, eight of Trinity Industries Leasing Company’s current outstanding debt financings, representing more than $4 billion of railcar-related debt, meet the criteria and qualify for the green financing designation. Crédit Agricole CIB acted as Trinity’s green structuring advisor and will continue to support Trinity as a long-term partner in its sustainable finance efforts.

“TILC has been a pioneer in developing the railcar asset-backed securitization market since 2001, and we are pleased to once again be leading the charge for the North American railcar industry as the first railcar lessor to publish a green financing framework for railcar assets,” Eric Marchetto, executive vice president and CFO of Trinity Industries, said. “Railcars are a sustainable mode of transportation and play an important role in the industrial supply chain by transporting our country’s most important products across the North American continent in an environmentally-friendly manner. We are proud of the role that Trinity’s railcars play in lowering the overall environmental footprint of the transportation industry.”

Trinity Industries, headquartered in Dallas, owns businesses that are providers of rail transportation products and services in North America.

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