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.
Learn More:
- “D.C. Water Authority to Issue 100-Year ‘Green Bond” from The Wall Street Journal
- More about the Clean Rivers Project from the District of Columbia Water and Sewer Authority
- “D.C. Water Announces Successful Sale of $350 Million Green Century Bonds” from the District of Columbia Water and Sewer Authority
- “D.C. Water 100-Year Green Bond Explained” from International Financial Law Review
- “Washington, D.C., ‘Green’ Bond Greeted With Strong Investor Demand” from The Wall Street Journal
