Green Bond Fact Sheet

This fact sheet details a USD 272.6 million green bond issued by the California State Teachers’ Retirement System (CalSTRS) on December 19, 2019, to finance the expansion of its headquarters in Sacramento, California.

• The California State Teachers’ Retirement System (CalSTRS) issued a green bond on December 19, 2019, for USD 272.6 million with a maturity date of August 1, 2049 and a tenor of up to 30 years.
• The bond is certified under Climate Bonds Standard v2.1, specifically meeting sector-specific criteria for Low Carbon Buildings (Commercial). It represents the first building owned by a pension fund to receive Certification for a green bond issuance.
• Proceeds from the bond are designated for the expansion of the CalSTRS Headquarters in Sacramento, California. The project involves adding a 10-storey building providing 260,000 square feet of office space to an existing 409,000 square foot LEED Platinum rated building. Construction was scheduled to start in November 2019 with completion planned for Spring 2022.
• The expansion is projected to meet the emissions threshold developed for Sacramento via the Trajectory method of the Low Carbon Buildings Criteria.
• CalSTRS, the issuer, is the 11th largest public sector pension fund globally, managing USD 238 billion in assets as of August 2019 and serving 933,000 members and beneficiaries in 2017.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-12_US_CALSTRS.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2019-12_US_CALSTRS.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=15 November 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2019-12_US_CALSTRS.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2019-12_US_CALSTRS.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }