Green bonds are typically issued to fund development of clean energy sources or energy efficiency initiatives that have the potential to reduce carbon emissions and have a direct positive environmental impact. Issuance of green bonds has been increasing steadily since they appeared in 2007, with 2015 marked as the record year with $42.4 billion issued globally and 2016 projected to beat that record.
Earlier this year, Apple issued the largest green bond by a U.S. corporation with $1.5 billion in funding for clean energy projects. Examples of other green bonds highlighted in TIAA-CREF’s 2015 Responsible Investment Report, as part of their Social Choice strategies include:
Solar Star Funding LLC, a developer of solar power projects, issued a project finance bond to finance construction of the largest-capacity solar electric generation facility (579 MW) in the country. Upon completion, this project will provide enough electricity on an annualized basis to power 255,000 average homes, displacing 570,000 tons of CO2–the equivalent of taking 108,862 cars off the road.
Toyota Motor Credit Corporation issued its second ABS Green Bond, the proceeds of which will be used to finance loans and leases for both hybrid and low-emission vehicles.
Morgan Stanley, a global financial services firm, issued its first green bond. This offering will fund future renewable energy and energy-efficiency projects.
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This is not an offer to sell any type of security, and there is no investment currently available through Abacus, which would allow someone to invest in JUMO World. Abacus Wealth Partners is the General Partner of Abacus Impact Fund 2013, LP, a fund of funds that ultimately has an interest in JUMO World. The information presented in the “Impact Investment Profile” is to provide additional qualitative reporting to Abacus clients who own Abacus Impact Fund 2013, LP, as well as to help educate Abacus clients about impact investing.
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