Wharton-led research shows Kestrel Sustainability Scores result in tighter spreads
Kestrel releases the first Resilience Taxonomy for US infrastructure
Kestrel maintains market leadership for external reviews in the US muni market for the fifth consecutive year
2024
Kestrel Sustainability Intelligence launches on Investortools
Kestrel maintains market leadership for external reviews in the US muni market for the fourth consecutive year
Kestrel wins largest external review provider at the 9th Annual Climate Bond Awards
Winners, Environmental Finance Bond Awards - Los Angeles Unified School District, City of Chicago/Sales Tax Securitization Corporation, Second Party Opinions from Kestrel
Winners, Bond Buyer Deal of the Year Finalists, California Community Choice Financing Authority / Clean Power Alliance of Southern California, AlexRenew (City of Alexandria, Virginia, Sanitation Authority), JFK / New York Transportation Development Corporation, Second Party Opinions from Kestrel
Verified Green/Social Bonds Outnumber Self-Labeled Bonds for the first time in the US muni market
2023
Kestrel Sustainability Intelligence Analysis and Scores launch on Bloomberg
Kestrel is the first US-Based Approved Verifier for Green Company/Green Issuer Certification
Winner, 9th Climate Bonds Awards – Kestrel is Largest External Review Provider in Number of Deals of 2023
Winners, Environmental Finance Bond Awards - Saint Paul Port Authority, Commonwealth of Massachusetts, Department of Airports of the City of Los Angeles, Second Party Opinions from Kestrel
Winners, Bond Buyer Deal of the Year finalists - City of Chicago/Sales Tax Securitization Corporation, Boston Medical Center, Second Party Opinions from Kestrel
Kestrel completes 200th Second Party Opinion
2022
Market leader with >70% market share for external reviews in US public finance
RBC partners with Kestrel to launch the first Sustainable Commercial Paper Program
Kestrel completes SPO for the first Sustainability-Linked Bond issued in the US muni market
New Life Forestry
Winner, Bond Buyer ESG/Social Deal of the Year – Commonwealth of Massachusetts, Second Party Opinion from Kestrel
Winner, Environmental Finance IMPACT Awards – Equitable School Revolving Fund, Second Party Opinion from Kestrel
2021
Market Leader with >61% market share for external reviews in US Public Finance
Kestrel lands its first subscriber for Kestrel Sustainability Analysis and Scores
First Externally Reviewed Green Bond for a US Airport, Los Angeles World Airports, Second Party Opinion from Kestrel
First Bond with both Climate and Sustainability Designations, Stanford University, Second Party Opinion from Kestrel
Kestrel completes its 100th Second Party Opinion
Largest pricing benefit to date on a municipal green bond, Oberlin College, Second Party Opinion from Kestrel
Winner, Bond Buyer ESG/Green Deal of the Year – Board of Education of the City of Newark, NJ, Second Party Opinion from Kestrel
2020
First US municipal green bond to show a clear pricing benefit; City of Boston, Second Party Opinion from Kestrel
First Social Bond for healthcare issued in US municipal market, Carmelite System, Second Party Opinion from Kestrel
Kestrel receives Women’s Business Enterprise certification
Kestrel works with institutional investors to design Kestrel Sustainability Analysis and Scores
Kestrel 360, Inc. is formed to address the growing market for green/social/sustainability bonds and sustainability intelligence
Kestrel completes 25th Second Party Opinion, Equitable Schools Revolving Fund Social Bond
2019
Kestrel completes Goldman Sachs 10,000 Small Businesses program
Kestrel completes its first verification of an Asset Backed Security, Connecticut Green Bank ABS notes for Solar Home Renewable Energy Credits
2018
Kestrel completes its inaugural Second Party Opinion, City of Minneapolis Green Bonds
2017
Kestrel becomes a Climate Bonds Initiative Approved Verifier
2000
Kestrel opens its doors as a premier environmental finance consulting group, helping state and local governments access capital for infrastructure and sustainability projects.
