CCM’s fixed income strategies invest in high quality, well-researched bonds where we have confidence that the use of the proceeds will have positive societal impacts. Each of the bonds that we select for a portfolio must meet our stringent impact and financial criteria. Our impact criteria and 18 impact themes include:
Use of the Proceeds: The use of proceeds must positively impact a community in one or more ways. The areas of focus are what we call our 18 impact themes
Transparency: Our proprietary approach, whereby we have visibility into the use of bond proceeds, allows us to better understand the financed programs and have confidence in their expected positive environmental and social outcomes. Without that transparency, we might never know whether the funds raised will provide the positive impact our clients are seeking.
Reporting: We must be able to quantify and report on the expected impact and/or detail the qualitative benefits of the investment. Quantitative data can include the number of jobs created or the number of affordable housing units as well as dollar amounts invested in impact themes. Qualitative research is the “story,” so to speak, which includes detailed explanations of what the security is financing.