May 24, 2021
Society and Municipal Bonds: ESG Disclosure
Municipal Disclosure Relating to Environmental, Social, and Corporate Governance
This installment of Pacifica’s “Society and Municipal Bonds” series will briefly discuss developments in municipal disclosure relating to Environmental, Social, and Corporate Governance (“ESG”) characteristics of an issuer or a specific bond-financed project. ESG disclosure includes both disclosure of the risks that these factors pose to the issuer or a project, and disclosure of the ESG benefits a “green” or “social impact” bond offers to investors.
