Green Bond Program

Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.
First Green Bonds Issuance In
Carbon Neutral By

About Our Program

The San Francisco Public Utilities Commission (SFPUC) is a department of the City and County of San Francisco. In 2008, San Francisco set an ambitious goal to reduce greenhouse gas emissions by 25% below 1990 levels by 2017, by 40% below 1990 levels by 2025, and become carbon neutral by 2045. In 2021, San Francisco updated its ambitious goal to reduce greenhouse gas emissions by 61% below 1990 levels by 2030 and achieve Net Zero by 2040.

These goals impact all San Francisco departments, including the SFPUC, and influence operating and capital investment activities. The SFPUC operates within the City of San Francisco as well as the State of California and is governed by State and local laws and regulations, as well as policies and programs within the SFPUC, created to achieve additional climate and social inclusion goals.

The SFPUC views green bonds as an important tool to help meet these goals and finance low-carbon, climate-resilient infrastructure. Since issuing its first green bond in 2015, the SFPUC has sold more than $4.2 billion in certified green bonds from its Water and Wastewater enterprises and more than $100 million in self-certified green bonds from its Power enterprise. Impacts from the projects financed by bonds include increased water storage, application of green infrastructure to manage stormwater, and upgrades to renewable energy generation facilities.

These Green Bonds Reports are being provided voluntarily by the SFPUC in connection with the issuance of Green Bonds. The delivery of these Green Bonds Reports may not, under any circumstances, create an implication that there has been no other change to the information provided in any final official statement.

Please see below for the Green Bond Post-Issuance Verification Reports related to each specific bond sale.