Sustainalytics Releases 2021 Annual Review of Pacific Life’s Sustainable Bond Framework
Review demonstrates Pacific Life’s commitment to the funding agreement-backed securities industry
NEWPORT BEACH, Calif. – April 12, 2022 – Sustainalytics, which provides high-quality, analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies, has released its first annual review of Pacific Life’s Sustainable Bond Framework and $800 million ESG bond issuance from April 2021.
Findings from the report include:
“We strive to generate sustainable, long-term investment returns in a balanced, responsible manner,” said Pacific Life President and Chief Executive Officer Darryl Button. “With this in mind, we acknowledge the evolving materiality of ESG factors and are increasingly integrating them into our investment decision making. Investing responsibly ties to Pacific Life’s Core Values of accountability for our actions, integrity to do the right thing, and making a positive impact on our community.”
“This review is an affirmation of the commitment we made to investors while marketing the sustainability bond offering in April 2021,” said Joe Krum, vice president and managing director, Institutional Capital Markets Group at Pacific Life. “We are even more excited today about the future of this program and its ability to drive investments in support of the objectives outlined in our Sustainable Bond Framework. As a team, we are looking ahead and actively pursuing new ESG-related opportunities across global markets.”
One of Pacific Life’s goals is a continued focus and commitment to the principles of ESG and impact investing. In April 2021, Pacific Life introduced a Sustainable Bond Framework. Two weeks after introducing the Framework, the Capital Markets Group announced the issuance of an $800 million sustainability bond, the largest FA-backed sustainable bond issuance in financial industry history.
To read the Sustainalytics report, visit https://www.pacificlife.com/home/investor-relations/sustainable-bonds.html.
To learn more about Pacific Life’s commitment to the FA-backed note industry, please visit www.PacificLife.com/ir.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500® list.
2022 World’s Most Ethical Companies® is based on the Ethisphere Institute’s Ethics Quotient®. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
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