The purpose of the City of Bloomington Social Bonds Framework is to document certain processes and commitments relating to the proposed issuance of the Series 2024A Social Bonds.
Second Party Opinion
Kestrel, an Approved Verifier accredited by the Climate Bonds Initiative, has provided an independent external review and opinion that the General Obligation Charter Bonds, Series 2024A conform with the four core components of the International Capital Market Association Social Bond Principles, and therefore qualify for Social Bonds designation.
The Park System Improvements align with the Access to Essential Services project category of the Social Bond Principles. By improving access to green space and providing public spaces for gathering and socializing, the Projects and the 2024A Bonds directly advance the Bloomington vision for a connected, healthy community with equitable economic growth.
