Learn how The Nature Conservancy plans to use a $350 million green bond to accelerate essential conservation work this decade.
We know that this decade is critical for climate and biodiversity action. That's why in 2022, TNC issued and closed $350 million in bonds to help advance conservation projects that will make the biggest impact for the planet. With this level of capital, we aim to maximize support for nature and communities, as well as catalyze greater investment in our work.
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Read the second annual TNC Green Bond Impact Report, detailing approximately $230 million in allocations to date across 44 projects.
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Management of Living Natural Resources & Land Use
TNC supports sustainable, science-driven practices around sectors such as farming, fisheries and forestry, which can increase local economic opportunities while prioritizing stewardship of Earth's lands and waters.
Biodiversity Conservation
In support of the global effort to reverse biodiversity loss by 2030, TNC seeks to help thoughtfully protect, manage and restore critical ecosystems around the world.
Water and Wastewater Management
Working with governments and other community partners, TNC supports projects that help sustainably manage Earth's dwindling freshwater resources, from enabling smarter usage at the tap to advancing watershed restoration at the source.
Climate Change Adaptation
Healthy ecosystems are a strong ally for climate action—TNC helps lead strategic conservation projects where nature can reduce climate impacts and/or remove carbon from the atmosphere.
Renewable Energy Transition
A rapid renewable energy build-out is essential to mitigating climate change, and TNC is committed to helping ensure that new infrastructure is smartly sited, avoiding the disruption of critical habitats and natural carbon stores.
Energy Efficiency
TNC works in more than 70 countries worldwide, and we continually seek to improve the sustainability of our own facilities, including by improving energy efficiency.
More About Green Bonds
Frequently Asked Questions
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A bond is money borrowed by a company that it needs to pay back to investors according to the terms of the bond.
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It is a type of bond whose funds will only be used to advance projects with environmental benefits. TNC’s Green Bond follows the International Capital Market Association’s Green Bond Principles.
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Most commonly, green bonds have been issued by corporations for specific capital projects like upgrading buildings to be LEED certified, adding solar panels to buildings, etc. Few green bonds have been issued by pure conservation organizations or non-profits to support a broader range of conservation projects. This is the biggest green bond issued to date in support of a conservation non-profit.
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A conservation framework has been put together to allow as flexible of use as possible under green bond principles. All projects will be reviewed by TNC's conservation, finance and legal teams to ensure compliance with the green bond framework.
TNC Green Bond Resources
Browse documents available for download to learn more about TNC's green bond initiative.
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Green Bond Annual Review 2024
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TNC engaged Sustainalytics to review the projects funded with proceeds from the Green Bonds and provide an assessment as to whether the projects met the use of proceeds criteria and the reporting commitments outlined in TNC's Green Bonds Framework.
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2023 Annual Impact Report
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Read the inaugural TNC Green Bond Impact Report, detailing approximately $145 million in allocations to date across 18 projects.
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Green Bond Annual Review 2023
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TNC engaged Sustainalytics to review the projects funded with proceeds from the Green Bonds and provide an assessment as to whether the projects met the use of proceeds criteria and the reporting commitments outlined in TNC's Green Bonds Framework.
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TNC's Green Bond Framework
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TNC's Green Bond Framework outlines how proceeds will advance conservation goals, and the definition of "eligible green projects."
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Green Bond Framework—Second-Party Opinion
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Sustainalytics’ Second-Party Opinion reflects its independent opinion on the alignment of TNC's green bond framework with market standards in February 2022, and the extent to which the eligible project categories are credible and impactful.
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