Bloomberg launches index to track green, social, sustainability bonds

By Marisa Wong

Los Angeles, Dec. 15 – Bloomberg announced it launched the Bloomberg U.S. Municipal Impact index designed to track the market of municipal bonds categorized as green, social and sustainability.

The index currently tracks over 2,800 securities and is the first such standardized measure of the U.S. municipal tax-exempt investment-grade impact bond market, according to a press release.

The index is derived from Bloomberg Index Services Ltd.’s (BISL) flagship Municipal Index (Bloomberg Ticker: I00730) and uses Bloomberg’s data and its municipal data analysts’ research to individually vet and categorize green, social or sustainability municipal bonds on the Bloomberg terminal.

For inclusion in the index, a bond must either be self-labeled as green, social or sustainability directly from an initial offering, reviewed by independent assurance providers or use 100% of proceeds for a project in line with the International Capital Market Association (ICMA) principles.

Eligible bonds within the index are required to have principal and interest denominated in U.S. dollars, at least one year until final maturity and hold an investment-grade rating. Only fully tax-exempt issues are included, and rebalancing will occur on a monthly basis.

The index was launched on Dec. 13, with history calculated back to Jan. 1, 2019. Bloomberg clients can access the index using the ticker “I36676US Index.”

Bloomberg is a New York-based global business and financial information and news provider.

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