External Reviews

We strive for a clear sustainability story. Each review explains the positive ESG impacts associated with bond-financed activities and how the bonds conform with internationally accepted ESG standards.

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Featured

The Wisconsin Housing and Economic Development Authority

Social Bond

The Wisconsin Housing and Economic Development Authority demonstrated a strong commitment to racial equity through its single-family mortgage loans. By providing down payment assistance and targeted programs for low-income and historically underserved communities, WHEDA is working to close the racial homeownership gap in Wisconsin.

California Public Works Board

Climate Bond

The California Public Works Board received a Climate Bonds Certification for bonds issued to fund the construction of the California Natural Resources Agency headquarters. The building is designed to achieve a LEED Platinum Certification and will be Zero Net Energy.

King County, Washington

Social Bond

King County’s 2021 housing bonds financed a portion of the Health through Housing Initiative which aims to eliminate homelessness by converting former hotels and other facilities into temporary and permanent housing options for homeless populations in the area. Kestrel provided a Second Party Opinion for the Social Bonds designation that highlights the innovative approach to addressing homelessness and providing access to services such as behavioral health evaluation and treatment centers.

The San Diego Unified School District

Green Bond

The San Diego Unified School District was given a Green Bond designation by Kestrel for its commitment to sustainability and goal to reach net-zero emissions by 2035. The District upgraded all schools with energy-efficient systems, solar array installations, and met the California State Green Building Code for new projects.

The Ohio Water Development Authority

Green Bond

The Ohio Water Development Authority issued its Series 2021 bonds to finance approximately 306 loans for wastewater and stormwater projects throughout Ohio. The allocation of proceeds through the revolving loan fund will address public health concerns and nutrient pollution which poses significant risks to the health of local waterways.

Louisville/Jefferson County Metropolitan Sewer District

Climate Bond

Louisville/Jefferson County Metropolitan Sewer District received a Climate Bonds Certification for financing improvements to its wastewater and stormwater systems. By reducing combined sewer overflows and sanitary sewer overflows to meet its obligations under the Consent Decree, and also incorporating green infrastructure in its flood control, stormwater, and wastewater systems, the District is demonstrating leadership in integrated water resource management.

wdt_ID Issuer Label Dated Date Sector Series EMMA Link Par Tax Status Location
1 Town of Gilbert, Arizona Green 06/08/2022 Water Water Resources Municipal Property Corporation Senior Lien Utility System Revenue Bonds, Series 2022 467,810,000 Tax-Exempt AZ
2 Texas Department of Housing and Community Affairs Social 06/06/2022 Housing Single Family Mortgage Revenue Bonds 2022 Series A (Non-AMT) (Social Bonds) 190,000,000 Tax-Exempt TX
3 Minnesota Higher Education Facilities Authority Green 06/05/2022 Education Minnesota Higher Education Facilities Authority Revenue Bonds, Series 2022A (University of St. Thomas) (Green Bonds) 60,720,000 Tax-Exempt MN
4 Colorado Housing and Finance Authority Social 05/25/2022 Housing Single Family Mortgage Bonds Class I Bonds 2022 Series D-1 (Federally Taxable) (Social Bonds) Class I Adjustable Rate Bonds 2022 Series D-2 (Federally Taxable) (Social Bonds) 75,000,000 Taxable CO
5 Connecticut Green Bank Liberty Notes, LLC Green 05/13/2022 CCAs, Microgrids & Energy Efficiency Programs (R-PACE/C-PACE) 2022 Green Liberty Notes (Green Bonds) 114,335 CT
6 Tennessee Housing Development Agency Social 04/26/2022 Housing Residential Finance Program Bonds, Issue 2022-1 (Non-AMT) (Social Bonds) 175,000,000 Tax-Exempt TN
7 City of Holland (Holland BPW) Green 04/14/2022 Water Water Supply System Revenue Bonds, Series 2022 (Green Bonds) 15,335,000 Tax-Exempt MI
8 St. Paul Port Authority Sustainability 04/06/2022 Natural Resource Management Tax-Exempt General Obligation Bonds Series 2022-1 (Sustainability Bonds), Taxable General Obligation Bonds Series 2022-2 (Sustainability Bonds) 15,935,000 Tax-Exempt & Taxable MN
9 State of California Air Resources Board Climate 04/06/2022 Public facilities Lease Revenue Bonds 2022 Series D (Green Bonds - Climate Bond Certified) 294,990,000 Tax-Exempt CA
10 Indianapolis Local Improvement Bond Bank Green 03/28/2022 Transportation Local Income Tax Revenue Bonds, Series 2022D (Indianapolis Public Transportation Corporation Project) (Green Bonds) 65,000,000 Tax-Exempt IN
Label Dated Date Sector Location