A sustainability benchmark offering views into the fixed income market that are rooted in environmental and social science and deepened by a practitioner’s understanding of real-world best practices and regulatory frameworks.
Because access to trustable information and insights is key.
We provide independent research and verification to support sustainable debt markets.
We offer solutions for buy-side and sell-side.
We assess sustainability and resilience attributes, focusing on individual bonds, taking a closer look at the complex uses of proceeds to provide transparency at the bond level.
Our nuanced methodologies allow comparison of bonds in different sectors Read More
We are the market leader for verified green, social and sustainability bonds in US public finance. Kestrel also verifies Blue Bonds and Transition Bonds. As an Approved Verifier accredited by the Climate Bonds Initiative (CBI), we evaluate corporate and municipal debt in all sectors worldwide for conformance with international standards Read More
Within each sector of the municipal market, there are best practices for sustainability and resilience. Kestrel analysts review bond-financed activities and identify when these best practices are present. We categorize the best practices with five key Sustainable Finance Principles, and benchmark bonds with scores.
Talk with us info@kestrelesg.com
HOOD RIVER, OR – January 6, 2026 — As U.S. cities face increased exposure to climate-driven physical risks, Kestrel, the leader in Sustainability Intelligence™, today released its Resilience Taxonomy for […]
SACRAMENTO, CALIFORNIA AND HOOD RIVER, OREGON — Sacramento Municipal Utility District (SMUD) (AA) successfully launched the first Green Commercial Paper (CP) notes issued by any U.S. municipal electric utility. Barclays was […]
Read the Kestrel-Verified Green Commercial Paper Program Framework.
100 %
coverage of the municipal bond primary market
for investment grade and higher with
>$20 million par value
+60 %
market share by par of external reviews
in US public finance*
+$3 trillion
par benchmarked with Kestrel Sustainability Intelligence™
*2025