T. Rowe Price is named by the World Bank as a lead investor in the 2024 Amazon Reforestation-Linked Outcome Bond [IC].
Right of reply
This page describes T. Rowe Price only through its published statements and the public records of the deals listed. T. Rowe Price 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 Amazon Reforestation-Linked Outcome Bond | 2024 | Outcome-linked bond | Lead investor | Not disclosed | [IC] |
| World Bank Plastic Waste Reduction-Linked Bond | 2024 | Adjacent | Investor | Not disclosed | [MS] |
| World Bank Wildlife Conservation Bond (Rhino Bond) | 2022 | Outcome-linked bond | Investor (disputed) | Not disclosed | [TBV] |
T. Rowe Price International signed the relaunched Net Zero Asset Managers initiative in 2026, which makes T. Rowe Price the only relaunch signatory that is also a documented buyer of a nature outcome bond [IC].
Open questions
A 2026 World Bank results brief lists T. Rowe Price among Rhino Bond investors; the 2022 pricing release does not [TBV].
Related
References
- World Bank, Amazon Reforestation-Linked Outcome Bond release (13 August 2024)
- IFR, World Bank Amazon reforestation bond (August 2024)
- World Bank, Plastic Waste Reduction-Linked Bond (24 January 2024)
- World Bank, “Investors join landmark Wildlife Conservation Bond” (31 March 2022)
- World Bank, South Africa results brief (10 April 2026)
- Manifest, NZAM relaunched with 250 signatories (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.