Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

City of Columbia, South Carolina

In December 2018, the City of Columbia, the state capital of the state of South Carolina, issued their first green bond. This was to fund the development of their stormwater systems, in preparation for more climate change related adverse events.

This also marks the first municipal Certified Climate Bond issued outside of New York or California.

 

DATE OF ISSUE  TYPE OF INSTRUMENT SIZE  TENOR  COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
December 2018 Use of proceeds bond USD 37.9 million multiple tranches, up to 30 years United States Water Infrastructure

pre issuance report by Sustainalytics

post issuance verification

general annual report for 2019

City of Columbia Press Release

EMMA Offering statement

EMMA webpage