Amazon buys the carbon removal units generated by the spekboom restoration behind the World Bank’s 2026 Spekboom Restoration Outcome Bond, under a fixed-price offtake of more than a decade; those purchases fund the bond’s variable coupon [IC].
Right of reply
This page describes Amazon only through its published statements and the public records of the deals listed. Amazon has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.
In the register
The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.
| Deal | Year | Family | Role | Amount | Claim |
|---|---|---|---|---|---|
| World Bank Spekboom Restoration Outcome Bond | 2026 | Outcome-linked bond | Carbon removal unit offtaker funding the variable coupon | Not disclosed | [IC] |
The project, run by Imperative in the Eastern Cape, aims to restore 50,000 hectares [IC]. The register includes Amazon because its purchases are the economic source of the outcome payment.
Related
References
- World Bank, Spekboom Restoration Outcome Bond pricing (23 April 2026)
- Engineering News, World Bank and Amazon spekboom bond (24 April 2026)
- World Bank, Spekboom bond case study (2026)
Provenance
Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.