BAM GreenStar

Turn to BAM GreenStar Municipal Bonds for high-quality infrastructure investments that help reduce water and air pollution and support sustainable development. The BAM GreenStar Assessment is a transparent, third-party review of a bond issue’s purpose and includes ongoing surveillance and reporting on the construction status of the eligible project, so investors can have confidence that their funds are making a difference.

Expanding the BAM GreenStar Verification Program

BAM Chief Risk Officer Laura Levenstein discusses updates to the BAM GreenStar program that will make it more accessible to BAM member-issuers going forward — building on its two-year track record verifying more than $1.5 billion of green bonds in more than 100 transactions.

An initial BAM GreenStar evaluation is performed for every transaction submitted for insurance. Issuers whose projects are in the following areas can be eligible for the BAM GreenStar designation:

  • Renewable Energy
  • Energy Efficiency Upgrades
  • Pollution Prevention and Control
  • Environmentally Sustainable Management of Living Natural Resources and Land Use
  • Terrestrial and Aquatic Biodiversity Conservation
  • Clean Transportation
  • Sustainable Water and Wastewater Management
  • Climate Change Adaptation
  • Eco-efficient and/or Circular Economy Adapted Products, Production Technologies and Processes
  • Green Buildings

Every BAM GreenStar bond comes with a BAM Credit Profile that includes information on how the bond issue’s use of proceeds maps to global standards, including the International Capital Markets Association’s Green Bond Principles and the United Nations’ Sustainable Development Goals.

BAM GreenStar standards are aligned with industry standards for Green Bonds

BAM is an Approved Verifier for Certified Climate Bonds

BAM is a registered observer of the International Capital Markets Association’s Green Bond Principles