Praxis Mutual Funds seeks to include investments that both generate a competitive financial return and deliver a clear and direct benefit to communities and our planet.
In the third quarter of 2022, the Praxis Impact Bond Fund added to its positive impact bond allocation by purchasing Union Pacific’s inaugural green bond.
Union Pacific is a railroad company that provides rail-based logistics services. The rail networks that Union Pacific serves connect 23 states in the western United States. Union Pacific issued its $600 million green bond in September 2022.
One year after issuance, Union Pacific detailed the impact of the green bond issuance in its impact report. Union Pacific’s upgraded railway infrastructure and development of intermodal facilities, which supported optimizing transport use, duration and distance, which resulted in reduced fuel consumption and associated GHG emissions. The broad categories for the proceeds were clean transportation, energy efficiency, and renewable energy.
Union Pacific detailed the environmental impact made through this green bond, which included 393,000 metric tons of CO2e annual emissions reduced and a reduction of 6.8 million gallons of diesel fuel.
Union Pacific is committed to sustainable economic growth. To learn more about the initiatives to meet its sustainability goals, visit UP: Green Financing Framework.
The Praxis Impact Bond Fund invests in many bonds that finance impactful projects around the world. These bonds receive competitive financial returns and have a clear, direct impact on the world. Investments include renewable energy projects, green bonds, low-income housing, education, social bonds and more.
In the third quarter of 2022, the Praxis Impact Bond Fund added to its positive impact bond allocation by purchasing Union Pacific’s inaugural green bond.
Union Pacific is a railroad company that provides rail-based logistics services. The rail networks that Union Pacific serves connect 23 states in the western United States. Union Pacific issued its $600 million green bond in September 2022.
One year after issuance, Union Pacific detailed the impact of the green bond issuance in its impact report. Union Pacific’s upgraded railway infrastructure and development of intermodal facilities, which supported optimizing transport use, duration and distance, which resulted in reduced fuel consumption and associated GHG emissions. The broad categories for the proceeds were clean transportation, energy efficiency, and renewable energy.
Union Pacific detailed the environmental impact made through this green bond, which included 393,000 metric tons of CO2e annual emissions reduced and a reduction of 6.8 million gallons of diesel fuel.
Union Pacific is committed to sustainable economic growth. To learn more about the initiatives to meet its sustainability goals, visit UP: Green Financing Framework.
The Praxis Impact Bond Fund invests in many bonds that finance impactful projects around the world. These bonds receive competitive financial returns and have a clear, direct impact on the world. Investments include renewable energy projects, green bonds, low-income housing, education, social bonds and more.