| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2887786478 |
| Aligned with SDGs |
Pearson provides education products and services to institutions, governments, and individual learners in various countries. The company operates through 5 divisions: Assessment & Qualifications is the largest division with just over one third of revenues, and provides assessments, qualifications, certifications and licenses that enable people to demonstrate their knowledge, skills and aptitude in academic and professional settings. Founded in 1844 in England as a construction business, it switched to publishing in the 1920s. It was once the largest book publisher in the world but in 2015 it changed its focus to education exclusively.
Investment rationale
As the world's leading education provider, Pearson issued this Education Bond Framework to enhance its goal of contributing to UN SDG4 - Quality Education. Pearson aims to make education accessible to more demographics. The proceeds of this bond are allocated to Pearson Connections Academy, its full-time virtual schools program that provides high quality education to all, free to the user and those completing achieve as a minimum the required skills in maths and English.
In total 100% of the proceeds of the impact bond is aligned with one or more Triodos transitions. 67% of revenues is aligned with the Well-being transition and 33% with the Societal transition.
The contribution to the Well-being transition comes from 67% of proceeds allocated to the impact objective Access to Essential Services: Education. The contribution to the Societal transition comes from 33% of proceeds allocated to the impact objective Socioeconomic Advancement & Empowerment.