Green Bond Report - San Francisco PUC 2018-2019
INTRODUCTION The San Francisco Public Utilities Commission (SFPUC) is a department of the City and County of San Francisco. In 2008, San Francisco set an ambitious goal to reduce greenhouse gas emissions by 25% below 1990 levels by 2017, by 40% below 1990 levels by 2025, and become carbon neutral by 2050. These goals impact all San Francisco departments, including the SFPUC, and influence operating and capital investment activities. The SFPUC operates within the City of San Francisco as well as the State of California and is governed by several ambitious laws and regulations at the State and City level, as well as policies and programs within the SFPUC, created to achieve additional climate and social inclusion goals. The SFPUC views green bonds as an important tool to help meet these goals and finance lowcarbon, climate-resilient infrastructure. Since issuing its first green bond in 2015, the SFPUC has sold more than $1.4 billion in certified green bonds for all three of its enterprise utilities: Water, Wastewater, and Power. Impacts from the bonds to date include increased water storage, upgrades to renewable energy generation facilities and the use of green infrastructure to divert stormwater from treatment plants. In addition to providing project impact information, this report seeks to highlight associated cobenefits as well as describe the context in which climate and social inclusion informs the SFPUC’s capital planning decisions. This report reflects activities through June 30, 2019.
SEE REPORT ATTACHED SOURCE ON THE SFPUC WEBSITE