"We believe a company can serve more than the bottom line. We are committed to a triple bottom line that's measured by our actions to support people, planet and prosperity," said Patti Poppe, CMS Energy's president and chief executive officer. "We are excited to be a trendsetter in the United States entering an innovative credit facility, where sustainability and financial results go hand-in-hand."
CMS Energy this year announced clean energy goals that include:
- Zero coal used to generate electricity by 2040.
- Reducing carbon emissions by 80 percent by 2040.
- Meeting a renewable energy goal of more than 40 percent by 2040.
"Our company has a proud history of leaving it better than we found it, and we are confident that our new clean energy goals will support our commitment to deliver consistent, industry-leading financial performance," Poppe said.
Barclays, J.P. Morgan, MUFG, Mizuho and BofA Merrill Lynch acted as Joint Lead Arrangers for the facilities. Barclays acted as Sustainability Structuring Agent.