The Climate Bonds Standard and Certification Scheme is a FairTrade-like labelling scheme for bonds. Rigorous scientific criteria ensure that it is consistent with the 2 degrees Celsius warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.



San Francisco Public Utilities Commission





In a world first, the San Francisco Public Utilities Commission (SFPUC) has issued a Water Infrastructure Bond certified under the Climate Bonds Standard.

Proceeds from the USD 240m Wastewater Revenue Bonds will fund eligible projects in sustainable storm water management and wastewater projects included in the SFPUC Sewer System Improvement Program (SSIP) Phase1.

Issue Month



Sector Criteria

Verifier's Report

Ongoing Compliance Reports Further information
May 2016 USD 240m San Francisco Water Sustainalytics pre issue report

2016 Annual Report

2017 Annual Report

Press Release
December 2016 USD 259m San Francisco Water Sustainalytics 2017 Annual Report  
December 2017 USD 121m San Francisco Water Sustainalytics    
December 2017 USD 384.5m San Francisco Water Sustainalytics