CoPower Green Bonds are now available in Manitoba! Meet our first investor in the province and learn how you too can become a renewable energy investor with our 6-year, 5% Green Bonds.

When we opened the CoPower platform to investors in Manitoba last month it was no surprise to us that the first green bond investor in the province to walk through our digital doors would be someone who has dedicated himself to giving meaning to money.

Jeffrey Patteson has put in the work to align both his personal investments and his career in banking with his moral compass. “After seven years working in retail lending for a big bank and not feeling great about it, it hit me that there might be another way,” said Jeffrey who today is a community account manager at a local credit union where he specializes in lending for nonprofits, co-ops, and social enterprises.

 


"At a minimum, I don’t want my investments to be part of digging our world into a deeper environmental debt"


 

It was the credit union values and cooperative principles like concern for community and democracy that inspired him to make the jump. “They reflected my own values and the way I was already living my life,” he said. “They’re not just values on the wall, we actually live them. Caring about community means supporting small businesses and helping keep money local.”

Once inside the credit union world, Jeffrey also started learning about a new kind of investment product designed to do more good and less harm. Today, he’s turned his personal investment portfolio into an ethical one made up of socially responsible investment (SRI) funds.

His recent investment in CoPower Green Bonds represented one of the missing pieces he had been searching for: an impact investment.

“At a minimum, I don’t want my investments to be part of digging our world into a deeper environmental debt,” he said, “but ideally, I also want to be able to target my funds directly into projects and companies working on climate change and other issues I care about, and that’s where green bonds come in.”

 


“From a financial perspective, it’s important to use a mix of strategies and products to diversify. In the same way, I think you can also use a range of investment strategies to make a difference.”


 

When Jeffrey first started researching impact investment options a year ago, he quickly ran into the problem faced by many retail investors. “You basically need to be an institutional investor or just very wealthy,” he said. “The kind of opportunity CoPower offers ordinary investors to invest in clean energy projects is pretty unique.”

Today, we’re happy to say that CoPower Green Bonds are now one of the first impact investment products and the first opportunity to invest in clean energy projects like solar, geothermal and energy efficiency available to retail investors in Manitoba.

“Beyond the green aspect, what appealed to me was the diversification and the way the risk is spread out -- having my investment backed by hundreds of projects in different provinces and with different technologies and with different developers involved.”

“I also know the value isn’t going to fluctuate with the market so that’s another diversification plus,” said Jeffrey, referring to the private nature of CoPower’s bonds.(Editor’s note: As a private investment, CoPower Green Bonds must be held to maturity and are not subject to the same reporting requirements as public investments. Investors can expect less information should only invest an amount they feel comfortable leaving put for the length of the term.)

“From a financial perspective, it’s important to use a mix of strategies and products to diversify. It wouldn’t be prudent to put all my money in one fund or just in green bonds,” he said. “In the same way, I think you can also use a range of investment strategies to make a difference.”

 


“My socially responsible funds are about pushing companies to do better, my fossil free funds are about withdrawing support from harmful activities, and my CoPower bonds are about doing my part to help build a better world.”


 

“I want to see the world change and become less reliant on fossil fuels, but I know that’s not going to happen overnight,” he said. “Industry is incredibly powerful so we need to bring them along, and funds that use positive and negative screens can incentivize the right actions.”

Jeffrey’s portfolio, for example, includes the NEI Select Growth Fund which screens-out weapons, tobacco, and gambling, and the NEI Environmental Leaders Fund which is fossil free and screens-in companies with strong environmental track records.

“I’m also supportive of true shareholder engagement and I trust that NEI does a great job of that with their funds.”

“My socially responsible funds are about pushing companies to do better, my fossil free funds are about withdrawing support from harmful activities, and my CoPower bonds are about doing my part to help build a better world.”

 

Meet CoPower's Green Bonds, 6-year, 5% interest annually.

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Editor's note: Jeffrey invested in CoPower's third issuance of Green Bonds (Green Bond III) which is now available. This blog was solicited by CoPower and may not be representative of the views of other investors or potential investors in CoPower Green Bonds. Please consult the Offering Memorandum of CoPower Finance Inc. dated May 11, 2018 for all material information in respect of CoPower Finance Inc., the third issuance of CoPower Green Bonds and the terms of the offering of the third issuance of CoPower Green Bonds.