| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2445344570, XS2560756798 |
| Industry group | Utilities |
| Aligned with SDGs |
Severn Trent supplies water, waste, and utility services throughout the United Kingdom, Europe, and the United States. The company offers a range of water purification, sewage treatment and disposal, and recycling services. Severn Trent also provides utility companies with a range of information technology and software solutions, as well as engineering consultancy services.
Investment rationale
Severn Trent issued both sustainability bonds to finance investments that contribute to a sustainable and affordable water cycle, which is key for healthy ecosystems and a sustainable society. The green and social assets and expenditures financed by the sustainability bond restore biodiversity, reduce pollution and leakage, enhance renewable energy generation and support customers in financial difficulty.
In total, 92% of the revenues of both bonds is aligned with the Resource Transition, 7% of revenues is aligned with the Energy Transition and 1% of revenues is aligned with the Societal Transition. "The contribution to the Societal Transition comes from 1% of proceeds allocated to the impact objective Socioeconomic Advancement & Empowerment.
The contribution to the Resource Transition comes from 81% of proceeds allocated to the impact objective Pollution Prevention & Control, 8% of proceeds allocated to Green Buildings, 2% of proceeds allocated to Circular Economy, and 0% of proceeds allocated to Sustainable Water & Wastewater Management.
The contribution to the Energy Transition comes from 7% of proceeds allocated to the impact objective Energy Efficiency.