Updated pricing for the Cut Carbon Note, Climate United issues statement, NY Forward Loan Fund 2 launches, borrower spotlight

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July 2023 Highlights

Updated Pricing for the Cut Carbon Note

The Cut Carbon Note, our newest product, is a secured, investment-grade rated, fixed-income product that finances sustainability upgrades for buildings, with the objective of reducing carbon emissions.

We updated the pricing on our initial series of Cut Carbon Notes to meet investors' requirements given the current rate environment and the first offering is now available through September 20th. We're passionate about engaging as many people as possible to help combat one of the U.S.'s largest sources of carbon emissions and transform the way we build.

VP of Investment Partnerships Justin Conway spoke to Environmental Finance about Cut Carbon. Check out the article here.

 
 

Climate United issues statements on the formal launch of National Clean Investment Fund selection process

We’ve partnered with the Community Preservation Corporation and Self-Help Credit Union to form Climate United, a consortium created to pursue the $14 billion National Clean Investment Fund (NCIF) Mandate. We recently issued statements on the US Environmental Protection Agency (EPA)'s release of the Notices of Funding Opportunities for the Fund.

VP of Strategy Beth Bafford also spoke with ImpactAlpha about the NCIF's potential and Climate United's strategy.

 
 

Borrower Spotlight: Small Businesses Supported by Advance Global Capital

Since 2017, we've worked with Advance Global Capital (AGC) to support small businesses in underserved communities around the world. AGC’s investments deliver tailored financing to local partners, who in turn provide flexible working capital to small and medium enterprises (SMEs), so they can scale and positively impact their local economies. AGC’s work spans across 66 countries and almost 40% of the SMEs their partners finance are women-led.

Learn more about the companies that AGC supports through our recent borrower spotlight.

 
 

New York Forward Loan Fund 2 opens

The New York Forward Loan Fund 2 was announced by New York Governor Kathy Hochul last week. We’re excited to manage the fund and as Director of Strategy Joe Meginnes said, "This program has a fantastic track record – helping to keep businesses open and people employed during the pandemic – and now will enable eligible small businesses and nonprofits to not only sustain operations, but to grow and thrive by accessing capital."

Read the full release and visit the NY Forward Loan Fund website to learn more.

 
 

WHAT WE'RE READING

  • $400m C-Pace green bond programme launched - Environmental Finance

  • Managers vie for the mandate to stand up a national “green bank” - ImpactAlpha

  • $150 million loan fund announced for New York's small businesses  - Calvert Impact blog
 

During our 28-year history, we have mobilized more than $4 billion for social good. Our products enable anyone to invest for impact. Learn more.

 
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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and subsidiary of Calvert Impact, Inc., offers the Community Investment Note, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. Calvert Impact Climate, Inc., a 501(c)3 nonprofit and subsidiary of Calvert Impact, Inc., issues the Cut Carbon Note, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product.

 

The purchase of Cut Carbon Notes or the Community Investment Note, as applicable, is subject to risks, which are described in the applicable prospectus. This is not an offer to sell or a solicitation of an offer to buy our securities. Any decision to invest in these securities through this email should only be made after reading the prospectus or by calling 800.248.0337. Due to Blue Sky regulations, the current offering of the Community Investment Note and the Cut Carbon Note may not be offered or sold in all states.

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