Executive Summary
PIMCO’s ESG (environmental, social, and governance) and U.S. municipal teams outline best practices for municipal issuers of green, social, sustainability, or other labeled bonds. This document is published in conjunction with the Viewpoint, “Expanding the U.S. Municipal Market for Sustainable Bonds”.
The best practice guidance covers such topics as:
- Defining Green, Social, and Sustainability (GSS) bonds
- External review versus self-designation by issuer
- GSS bond frameworks
- Post-issuance reporting
- PIMCO’S internal GSS-labeled bond framework
- GSS municipal bond examples