February 13, 2022

Longwood Gardens’ $250 million renovation taps increasingly popular ‘green’ bonds

Longwood Gardens in Pennsylvania raised more than $160 million through its first-ever issuance of Sustainability Bonds verified by Kestrel. The gardens have long been stewards of the natural environment, preserving natural history through horticulture, research, and public education. The financed renovation projects align with the Green Bond Principles by utilizing energy efficient building features including water conservation and reuse, geothermal heating, lighting efficiencies, and earth ducts. The financed projects align with the Social Bond Principles by supporting Longwood’s commitment to providing public education programs, conservation research, and environmental stewardship.