Goldman Sachs, through its Urban Investment Group, invested in the 2016 DC Water Environmental Impact Bond with Calvert Impact Capital [IC].
Right of reply
This page describes Goldman Sachs only through its published statements and the public records of the deals listed. Goldman Sachs 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 |
|---|---|---|---|---|---|
| DC Water Environmental Impact Bond | 2016 | Impact or resilience bond | Investor | Share of US$25m private placement | [IC] |
DC Water would have paid investors US$3.3 million if stormwater runoff fell by more than 41.3%, and investors would have paid DC Water US$3.3 million if it fell by less than 18.6%. The measured reduction was “almost 20%”, so no payment moved [MS]. A headline reports that Goldman dropped a complex debt swap after an internal risk review [TBV]. Goldman Sachs Asset Management left Climate Action 100+ and has no in-scope holding in the sources found [IC].
Related
References
- UNC School of Government, DC Water environmental impact bond
- NACWA, Atlanta EIB breaks into public market (8 July 2019)
- ai-cio, BlackRock leaves Net Zero Asset Managers (January 2025)
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.