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 strong analytic products and services to support the growing market
in sustainable and socially responsible fixed income financing and investing.
We assess sustainability attributes, focusing on individual bonds, taking a closer look at the complex uses of proceeds to provide transparency at the bond level. In doing so, we also reveal risk mitigants.
Built with input from large asset managers, our nuanced scoring system is tailored to over 160 sub-sectors, providing the ability to view bonds in all sectors on a direct comparison basis. Read More
We are the market leader for verified green, social and sustainability bonds in US public finance. As an Approved Verifier accredited by the Climate Bonds Initiative (CBI), we evaluate corporate and municipal debt in all asset classes worldwide for conformance with international standards. Read More
Indexes and funds built by Kestrel or in partnership with industry participants. Contact us.
Within each sector of the municipal market, there are best practices for sustainability. 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.
We are collaborators, continuously working with market participants to design and implement products that solve for today’s challenges in decarbonizing global economies. Explore our platform or reach out to start a discussion.
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.
From time to time, Kestrel updates methodologies for Sustainability Analysis and Scores. Read the Methodology Release Notes for Q1 2025.
100 %
coverage of the municipal bond primary market
for investment grade and higher with
>$20 million par value
100 %
coverage of the Bloomberg Municipal Bond
Index Total Return Index Value Unhedged USD
+70 %
market share by par of external reviews
in US public finance*
+73B
par verified
*Q4 2024