Index Energy Ajax Corp. (IEAC) is a special purpose vehicle that owns and operates a 25 megawatt waste biomass-fueled cogeneration facility in Ajax, Ontario, Canada. It is a wholly owned subsidiary of Index Energy Canada AB (Index Energy), a Stockholm-based company. IEAC will prioritize construction and demolition wood waste as feedstock and does not anticipate the use of wood waste from sawmills or forest residue producers, apart from exceptional back-up situations. We assess the company's green bond framework as Dark green.