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The ESG Evolution: Issuing Green, Social, and Sustainability Designated Bonds in an Evolving Market

On-Demand | Originally Broadcast on April 21, 2022

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Overview

The session will cover the best practices and evolving nature of the environmental, social, and green (ESG) market and issuance of green, social, or sustainability (GSS) designated bonds. It will incorporate the perspectives of the key parties involved in the transaction, including the higher education issuer, second party opinion (SPO) provider, and underwriter. The session will combine the various intersections of the ESG offering—both within the institution (e.g., treasury, debt management, sustainability, or facilities) and external to the institution (underwriter, SPO, and investor community).

Karen Kearney and Gerry Hamilton will review a case study on Stanford's recent 2021 $300 million sustainability bonds issuance, which was climate bond certified and the first transaction in the higher education sector to carry this dual designation. They will specifically address the university's decision to proceed with an ESG-related offering and the very important interplay between their offices to leverage existing resources and reporting and the interaction with the SPO for the bond verification. Stanford was able to execute on one of its key initiatives to continue its progress in addressing climate change and long-range sustainability as the university continues to align its efforts around the United Nations Sustainable Development Guidelines (UN SDGs). Monica Reid, founder and CEO of Kestrel Verifiers, the SPO for the transaction, will discuss accepted international standards for ESG and green bond market designations and improving transparency with external review and offer examples of various ESG offerings with external review.

This is a joint presentation with NACUBO and the Treasury Institute for Higher Education.


Webcast

Meet The Presenters

  • Gerry Hamilton, director, facilities energy management and SEM, Stanford University
  • Karen Kearney, treasurer, Stanford University
  • Monica Reid, founder and CEO, Kestrel Verifiers
  • Sarah Strickland, (session moderator) director, higher education and nonprofit investment banking group, Bank of America

CPE Information

There are no CPEs offered for this event.

CPE credit is not available for On-Demand programs at this time.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org.

Rates

Registration Assistance: 877.797.7698 or support@nacubo.org

Cancellation Policies

Member Standard

$99

Non-Member Standard

$170

Upcoming

Worker Classification

December 8, 2022 | 2:30–3 pm ET | Online

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January 18, 2023 | 12–1 pm ET | Online