Green Bond Pledge Founding Signatories Announced: US Cities, LGX, LGS in first wave of commitments on eve of Global Climate Action Summit

More announcements to come during week of climate action in San Francisco 


What’s it all about?

Australia’s Local Government Super (LGS) and Luxemburg Green Exchange (LGX) join the U.S. State Treasurers of California, New Mexico and Rhode Island, the Cities of Asheville and San Francisco – California, King County – Washington, and financial firms Global New Energy Finance and R3 Returns, as founding signatories to the Green Bond Pledge. As founding members, these institutions and organisations are displaying leadership amongst cities and the finance sector. 

Launched earlier in 2018, the Green Bond Pledge is a declaration that all bonds financing long-term infrastructure and capital projects need to address environmental impacts and climate risk. 

It asks cities, county and state governments, and corporations to account for climate risk when designing future infrastructure and capital projects and consider financing them with green bonds. 

The announcement of initial pledge supporters was made at the Sustainable Infrastructure Green Bonds and Green Finance Roundtable jointly convened by CERES and Climate Bonds, around an agenda of practical action to accelerate subnational based green investment and green bond issuance. 


Who’s saying what?

Sean Kidney, CEO, Climate Bonds Initiative 

“Green finance and infrastructure are now the critical areas for mainstreaming of climate action and embedding of adaptation and resilience into investment decisions and the built environment.” 

“The foundation signatories are to be congratulated. By signing the Pledge, they are opening another path for much needed linkage between sub-nationals and corporate climate goals and their financial balance sheets and investment plans.”


Doug Sims, Senior Adviser, Green Finance and Natural Resources Defense Council

“Cities bear a big burden from the impacts of climate change, which they can transform into opportunities by investing in green energy and sustainable infrastructure. That’s why green bonds for   infrastructure are one of the most rapidly growing financial asset classes in the world. Signing the Green Bond Pledge signals to residents and the market that a city is making the connection between    climate action and community prosperity.”


Peter Ellsworth, Director, Investor Network, Ceres

“The Green Bond Pledge commits companies and communities to financing major infrastructure and capital projects with climate resilience and environmental impacts in mind. Green bonds are attracting investors who are looking for investments that represent long term value–projects that will produce good financial returns as we move into the low carbon economy that is our future.”

These founding signatories are major cities, counties and U.S. states who are leading the way.”


The Last Word

The Green Bond Pledge reinforces the goals of the Paris Agreement. It is based on the premise that public and private sector bonds financing long-term clean infrastructure need to incorporate mitigation, adaptation and resilience to climate impacts.  

The Pledge is a joint initiative developed by international climate finance and sustainability groups including the Climate Bonds Initiative, Mission2020, CERES, CDP, Citizens Climate Lobby, California Governor’s Office, CaliforniaTreasurer’s Office, Global Optimism, NRDC and The Climate Group.

Further announcements on the Pledge and on green finance are expected during the Global Climate Action Summit (GCAS), which will see more than 4000 participants meet between the 12th and 14th September in San Francisco to around the goal to “Take Ambition to the Next Level’’ on climate action. 


Stay tuned for more and follow @climatebonds for the latest from San Francisco. 


‘Till next time,

Climate Bonds

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