BNY Mellon has been appointed by the Vermont Educational and Health Buildings Financial Agency ( VEHBFA ) and Saint John ’s College as trustee , paying agent and registrar for approximately $ 18.5 m in green bonds . The bonds are the first green bonds to be issued by a higher education institution in Vermont , and will fund construction of a new hall of residence for students , which is being designed to use less energy . Antonio Portuondo, head of BNY Mellon Corporate Trust’s public and not-for-profit business, said: “Green bonds continue to gain momentum as issuers and investors see their importance in confronting climate change.” BNY Mellon ’s social finance strategies are designed to help investors to achieve return , while considering the environmental , social and governance ( ESG ) impact of investments .
BNY Mellon has been appointed by the Vermont Educational and Health Buildings Financial Agency ( VEHBFA ) and Saint John ’s College as trustee , paying agent and registrar for approximately $ 18.5 m in green bonds . The bonds are the first green bonds to be issued by a higher education institution in Vermont , and will fund construction of a new hall of residence for students , which is being designed to use less energy . BNY Mellon ’s social finance strategies are designed to help investors to achieve return , while considering the environmental , social and governance ( ESG ) impact of investments .