Metro is finding innovative ways to deliver on sustainable, cost-effective transportation service to our communities. We recently announced the issuance of our first ever Certified Climate Bonds, which will support our planned capital investments that combat climate change and deliver environmental benefits, including clean energy, energy efficiency projects, and climate resiliency.

Now investors can invest in Metro's Climate Bonds to help keep Metro healthy and sustainable, which also helps keep our region healthy and sustainable. The $874 million bond offer, approved by Metro's Board of Directors in May 2021, will fund capital projects in support of Metro's Energy Action Plan to reduce energy consumption and improve efficiencies. For more information on investing and climate bonds at Metro, please visit Our Investors Relations Site.

What does Climate Bonds Certified mean? Green bonds are a type of loan where the proceeds are used to finance projects that have positive environmental and/or climate benefits. Climate Bonds are a type of green bond which has been verified against rigorous criteria and standards set by the Climate Bonds Initiative to confirm consistency with the 2-degree Celsius warming limit established by the Paris Climate Agreement. This bond offering, verified by Kestrel Verifiers against the Climate Bonds Standard, ensures the proceeds are used exclusively to fund projects with material environmental benefits and is based on the environmentally sustainable elements of the Capital Improvement Program.

What are the benefits? Issuing climate bonds will help Metro attract more environmentally conscious buyers to increase investor demand and result in a better, more competitive rate for the transit agency. The bond offering demonstrates our commitment to support the region's sustainability goals and helps expand zero- and low-emission public transportation options in the Washington Metropolitan region.

How does this align with our mission? Issuing these bonds aligns with Metro's commitment to sustainability. As outlined in its most recent sustainability report, Metro has made an impact on regional sustainability in three primary areas: Livability & Accessibility, Economic Prosperity, and Environmental Impact. The Climate Bonds will help advance sustainable investments that protect the environment, improve the quality of life of residents and visitors to our region, and help facilitate a transition to a low-carbon economy.

What types of projects will this support? At Metro, these proceeds will finance green infrastructure and climate resiliency projects of the Capital Improvement Program, including:

• Traction power upgrades to support additional 8-car trains
• Fare collection modernization
• Zero-emission bus system upgrades
• Bus facility upgrades including Bladensburg and Northern which are expected to meet LEED green building standards.

Metro's Leadership: As the region builds for the future, Metro is a key partner in addressing the region's climate challenges through sustainable transportation and solutions.  The Climate Bonds will help finance planned environmental projects and extensive capital investments in our fleet, traction power and infrastructure that will shape the region's sustainability efforts.