Nov 20

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Green Bonds for DC Water

Investors leapt at the opportunity to invest in a certified sustainable project.



Photo courtesy epa.gov

Transcript of the Audio Podcast:

Green bonds offer an environmentally sustainable option for investors… on this CurrentCast.

The District of Columbia Water and Sewer Authority, also known as DC Water, is halfway through the Clean Rivers Project, a twenty year initiative to reduce stormwater and sewer overflow into the rivers of the nation’s capitol.

To fund the project, DC Water issued hundred-year bonds. Mark Kim, Chief Financial Officer for DC Water, says the bonds were independently certified as green – meaning they are dedicated to funding projects that promote environmental stewardship.

Kim: “We were the first green bond issuance in the United States to include an independent 2nd party opinion.”

Kim says the bonds were bought up quickly – proving there’s an emerging market among investors for bonds that fund environmentally sustainable projects.

Mark Kim – image courtesy of DC Water

Support for CurrentCast comes from the Mitsubishi Corporation Foundation for the Americas. Learn more online at CurrentCast.org.


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