Pacific Life Insurance sets up sustainable bond framework

By Wendy Van Sickle

Columbus, Ohio, April 5 – Pacific Life Insurance Co. has established a sustainable bond framework under which it can issue sustainable bonds through the Capital Markets Group of its Institutional Division, according to a news release.

“Our mission is to always deliver superior risk-adjusted investments that provide scalable and value-added solutions to our clients. But we’re also continuing to generate sustainable, long-term returns in a responsible manner that reflect ESG principles and aligns to our core values,” said Brian Woolfolk, head of the Institutional Division at Pacific Life, in the release.

The net proceeds of an issuance of sustainable bonds will be allocated to investments in green buildings, renewable and energy efficiency, sustainable water and wastewater management, terrestrial and aquatic biodiversity conservation, clean transportation and access to essential services, including education and affordable housing.

The insurance company is based in Newport Beach, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.