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WSSC Water has been committed to protecting the environment since our founding in 1918. Our Green Bond program expands that pledge with a financial commitment as well.

Environmental stewardship has always been a core value of WSSC Water. It's incorporated into our behavior, guides our decisions and is reflected in our investments in green buildings, pollution prevention and control, renewable energy and climate change adaptation, as well as our energy management program, our Greenhouse Gas reduction program and local educational activities.

In line with this commitment, WSSC Water has embarked on the "Green Bond" program, to issue bonds that will finance selected green projects. We've developed the Green Bond Framework to guide these projects with the four key components of the Green Bond Principles: use of proceeds, evaluation and selection process, management of proceeds, and reporting. These principles were developed by the International Capital Market Association, the leader in social and sustainability market practices.

Project spotlight

Based on the project criteria and project planning and development as articulated in our Green Bond Framework, WSSC Water proposes the following projects to be financed with the proceeds from its second series of Green Bonds (issued in September 2020):

Potomac Water Filtration Plant Consent Decree Program (W-73.33)
Anticipated Environmental Outcomes per International Capital Market Association Green Bond Principles: Pollution Prevention/Control and Terrestrial and Aquatic Biodiversity Conservation
Estimated Cost: $16,000,000
Estimated Timeline Green Bond Spend: July 2020 through September 2021

Potomac WFP Pre-Filter Chlorination & Air Scour Improvements (W-73.22)
Anticipated Environmental Outcomes per ICMA Green Bond Principles: Sustainable Water Management
Estimated Cost: $60,000
Estimated Timeline Green Bond Spend: July 2020 through September 2021

Large Diameter Water Pipe & Large Valve Rehabilitation Program (W-161.01)
Anticipated Environmental Outcomes per ICMA Green Bond Principles: Sustainable Water Management
Estimated Cost: $36,000,000
Estimated Timeline Green Bond Spend: July 2020 through September 2021

The Piscataway Water Resource Recovery Facility Bioenergy Project (S-103.2) is funded in part through the State of Maryland’s Water Quality Financing Administration program. Because state funding is used, this project does not use proceeds from WSSC Water green bond sales.

Reports

Read the 2020 Green Bond Annual Report 

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WSSC Water will produce an annual report detailing how green bond proceeds are used to finance the selected projects, a description of the selected projects, and details of the their environmental benefits. The information will be posted to the Electronic Municipal Market Access website of the Municipal Securities Rulemaking Board. The report will be posted on or before the date eight months after the close of the fiscal year. (To find us on EMMA, search for the State of Maryland, then search listings under the Washington Suburban Sanitary Commission.)

Green Bond Principles

The Green Bond Principles of transparency, disclosure and reporting promote integrity in the Green Bond market.

Learn About the GBP

Related Green Bond Links

Green Bond Assessment (GBA) as issued (September 2020)
Green Bond Principles, ICMA (June 2018)
Green Bond Assessment (GBA) as issued (December 2019)

Last Modified: March 22, 2021, 1:19 pm EDT