Powering Sustainable Finance

ESG Data for Capital Markets

Independent Science-Based ESG Evaluation for:

Municipal Bonds

Meaningful ESG data at the CUSIP level, reflecting the impact of bond-financed activities on the planet and society. Kestrel’s ESG Impact Data originates directly from our own smart analysts enabled by technology.

Structured Products

ESG Impact Data for single-family, multi-family and commercial mortgage-related securities that reflects qualities of the underlying financed activities.

Loans

We assess the environmental and social attributes and impacts of activities financed by whole loans.

What makes our ESG Data different?

We assess the ESG impact of the financed activities, and focus on the bond, not the issuer. Our scores reflect the presence of real-world best practices to advance the just transition to a decarbonized economy. We employ environmental and social scientists who use a science-based methodology to analyze the ESG impacts of bonds. We are 100% independent and highly qualified. Kestrel ESG data is built on Kestrel Verifiers’ foundation as the market leader for external reviews and authority on Green and Social Bonds in US public finance.

Kestrel ESG Data:

  • Communicates the ESG impact of bond-financed activities
  • Is 100% original, science-based and independently developed
  • Communicates alignment with the just transition to a decarbonized economy
  • Fits with bespoke ESG strategies
  • Is purpose-built to meet needs of institutional investors

Original ESG Data for Fixed Income

We believe that being able to tell the difference between appearance and reality is key when considering ESG factors. That’s why we developed our latest product, Kestrel ESG Data, which provides impact transparency at the CUSIP level.

Scoring is rooted in a science-based methodology that incorporates sector-specific best practices for E, S, and G. Scores are summarized on a scale of 1 to 5, where high scores reflect exemplary bonds with positive impacts.

Learn more about the five sustainable finance goals that drive our methodology.

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A “Total Weighted ESG Score” allows for comparison of impact within and across sectors.

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Our "Climate Risk Disclosure" score reveals if disclosure is present and to what degree.

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We assign eligibility for designation as a Green, Social, or Sustainability Bond as per the ICMA Principles.

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We identify funding sources for bond repayment as either “Generally Acceptable” or a “Potential Flashpoint.”

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We provide a brief description of the key financed activities and their material ESG attributes.

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We map the primary impacts of the financed activities to the United Nations Sustainable Development Goals (SDGs) at the Target level.

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Use Cases

Kestrel ESG Data supports your bespoke investment strategies. 

ESG Integration in Bond Trading

Identify bonds that meet certain ESG criteria to support efficient buy/sell decisions in primary and secondary markets. Select securities based on alignment with the just transition to a decarbonized economy.

Construct and Manage Portfolios

Use Kestrel ESG Impact Data to construct fixed-income portfolios that target reductions in carbon emissions over time. Understand and communicate the ESG impact of bonds in portfolios.

Impact Reporting

Communicate the true ESG impact of bond holdings with our use-of-proceeds-based UN SDG Goals and Target alignment. We include a narrative description of bond-financed activities and associated impact.

Thematic Investing

Identify bonds that qualify for specific themes, like Clean Energy, Access to Education, Affordable Housing or the Just Transition.

Identify Unlabeled Green, Social & Sustainability Bonds

Identify unlabeled but eligible bonds in the primary and secondary markets.

Compliance

Meet your net zero investing and social equity commitments. Show compliance with internal and external investment mandates.

New Investment Products

Create new types of investment products for customers who value sustainability and positive impact.

Read more about the five sustainable finance goals that drive our methodology.

Kestrel in the News

Kestrel is making headlines. Read more about our latest company happenings on our News page.

Our Team

Our team of environmental and social scientists has a nuanced understanding of public finance. Our data is backed by the quality and integrity we have brought to our government clients over the last 20 years.

CEO and Founder

Monica Reid

Monica Reid is the Founder and Chief Executive Officer of Kestrel ESG and Kestrel Verifiers, the market leader for providing external reviews of green, social and sustainability bonds in US public finance. Ms. Reid has over 20 years of experience as a thought leader in innovative finance for infrastructure and sustainability efforts.

Melissa Winkler

Senior Vice President, Sales

Mi Ra Park

Senior Vice President, Business Operations

John Katovich

General Counsel

Rich Raphael

Senior Vice President

Dara Morantes

Vice President of Special Projects

April Strid

Lead ESG Analyst

Melissa Sherwood

Senior ESG Analyst

Prachi Chandhok

Head of Product, ESG Data

Kate Bennett

ESG Data Operations Mgr / Data Analyst

Sheri Zekraus

Senior Vice President of Marketing and Communications

Joanne Ferrigan

Vice President, Quality Assurance & Risk Management

Cailey Martin

ESG Analyst

Emily Thompson

ESG Analyst

Joe Gyorky

ESG Analyst

Jordynn Paz

ESG Analyst

Matt Michel

ESG Analyst

Miglena Stancheva

Financial Analyst

Shannon Huberd

Office Manager

Kestrel is making a difference. We’re hiring, and we need great people. Explore Careers at Kestrel to learn more.

April Strid

Lead ESG Analyst

Melissa Sherwood

Senior ESG Analyst

Prachi Chandhok

Head of Data Products

Kate Bennett

ESG Data Operations Mgr / Data Analyst

Sheri Zekraus

Senior Vice President of Marketing and Communications

Joanne Ferrigan

Vice President, Quality Assurance & Risk Management

Cailey Martin

ESG Analyst

Emily Thompson

ESG Analyst

Joe Gyorky

ESG Analyst

Jordynn Paz

ESG Analyst

Matt Michel

ESG Analyst

Shannon Huberd

Office Manager

Miglena Stancheva

Financial Analyst

Kestrel is making a difference. We’re hiring, and we need great people. Explore Careers at Kestrel to learn more.

About Kestrel

For more than 20 years Kestrel has been at the forefront of public finance helping state and local governments access capital for sustainable infrastructure. We are a Women’s Business Enterprise dedicated to providing strong analytic products and services to support the growing market in sustainable and socially responsible fixed-income investing. The purpose of our work is to identify environmental, climate, and social benefits inherent in financed activities in order to help investors make informed decisions. Our team is united through a strong work ethic, a culture of integrity, and a dedication to creating real value and true service for our customers.

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