Insights

Deepening our Impact – Green Bonds

Although our engagement work has historically focused on corporations, leveraging our rights as shareholders, we are also interested in opportunities to deepen the impact of the Domini Social Bond Fund through engagements with issuers and standard setters.  To date, these engagements have focused on green bonds, designed to finance projects and activities that address climate change or serve other environmentally beneficial purposes.

In January, we spoke with Morgan Stanley to discuss their inaugural green bonds to fund renewable energy and energy efficiency projects, and highlighted the importance of greater transparency in the green bond market.

We attended a meeting with California State Treasurer John Chiang to discuss green bond evaluation approaches, best practices, and policy incentives to grow municipal green bond issuances.  The State is planning on issuing green bonds to address water stress and climate change impacts in the region.  We provided feedback on California’s 2014 green bond and hope to continue our dialogue with the State.

We were also delighted to join the US Green City Bonds Coalition to promote low-carbon and climate resilient infrastructure investments through the development of municipal green bonds.

In the fourth quarter, we participated in a Ceres-organized introductory meeting with S&P Global Ratings (formerly, Standard & Poor’s Rating Services) to discuss the inclusion of climate risks into its oil and gas company credit ratings.


The Domini Social Bond Fund is not insured and is subject to market risks, including interest rate and credit risks. You may lose money. During periods of rising interest rates, bond funds can lose value. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates, mortgage-backed securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates. Some of the Domini Social Bond Fund's community investments may be unrated and carry greater credit risks than its other investments.

The composition of the Fund’s portfolio is subject to change. View the most current list of the Domini Social Bond Fund's holdings. The Domini Funds maintain portfolio holdings disclosure policies that govern the timing and circumstances of disclosure to shareholders and third parties of information regarding the portfolio investments held by the Funds.


Check the background of DSIL Investment Services LLC and its investment professionals on FINRA's BrokerCheck.

Before investing, consider the Domini Funds’ investment objectives, risks, charges, and expenses. View or order a prospectus. Read it carefully.

The Domini Funds are distributed by DSIL Investment Services LLC (DSILD), Member FINRA. Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by Wellington Management Company LLP. DSILD and Domini are not affiliated with Wellington Management Company LLP.

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