In July 2014, DC Water issued its inaugural green bond to finance a portion of the DC Clean Rivers Project. This historic $350 million issuance represented DC Water’s inaugural green bond issue and the first "certified" green bond in the US debt capital markets with an independent second party sustainability opinion. It was also the first municipal century bond issued by a water/wastewater utility in the United States. The issuance achieved its green certification based upon the DC Clean Rivers Project’s environmental benefits, which include improving water quality by remediating CSOs, promoting climate resilience through flood mitigation and improving quality of life through promotion of biodiversity and waterfront restoration.
DC Water continues to offer green bonds, attracting diverse investors including a new class of socially and environmentally conscious investors.
Green Bond Reports