Work Proceeds on Sustainable Manufacturing Underwriting Standard

The Capital Markets Partnership (CMP) is convening a November 12 organizational meeting to continue its work on a National Consensus Sustainable Manufacturing Underwriting Standard, or “Green Value Score.” The meeting will take place at Allianz Global Investors in New York City.

The Draft Standard's Green Value Score identifies increased share value and profitability from sustainable manufacturing for financial incentives including discounted insurance premiums, increased interest rates for business banking, cheaper cost of capital, and higher credit ratings. The goal of the standard is to allow manufacturers and retailers to receive incentives in the capital markets for sustainable product metrics covering their global supply chain and all product stages based on life-cycle assessment. Supporting this work is research documenting that green buildings and certified sustainable products are more profitable, less risky, and preferred by investors.

At the November meeting, the group will set up a national consensus committee, cover the consensus voting process, and review the draft standard, among other agenda items.

The Capital Markets Partnership (CMP) is a nonprofit, nonpartisan coalition of investment banks, investors, governments, countries and NGOs created by Market Transformation to Sustainability (MTS), a nonprofit led by Mike Italiano, a founder of the U.S. Green Building Council. More information is available here.