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 Edmonds, WA

 

The City of Edmonds, Washington, is located approximately 10 miles north of Seattle, in northeast United States. Its City Sewer system serves over 40,000 residents and businesses through a regional wastewater treatment plant. The City is one of 65 in the United States, to be recognized by the Water Environment Federation as operating a “Utility of the Future Today.” This recognition is for the achievements of water utilities that are engaged in advancing resource efficiency and recovery, developing proactive relationships with stakeholders, and establishing resilient, sustainable, and livable communities.

The proceeds from the green bond will be used to replace a sanitary sewage incinerator with a Carbon Recovery and Biosolids Pyrolysis Project. The pyrolysis project will produce biochar and reduce the carbon emissions associated with disposal of the biosolids. The project would reduce overall energy use and pollution.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
November 2020 US Municipality USD 13.875m up to 25 years United States

Water

Pre Issuance Verification

 

EMMA Offering Statement