New Jersey Economic Development Authority

Unverified
XFID Unique Identifier for New Jersey Economic Development Authority: XOV0LISXYA
Country
United States
Sector
Marine Renewable Energy
Website
www.climatebonds.net
5 Certifications
1 Second Party Opinion
1 Final Terms

XF Company Profile

Extra-financial information found across 7 documents in the XframeworkID registry

NACE O Public Administration & Defence

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction (Issuer Identity & Structure)
New Jersey Economic Development Authority, New Jersey, United States Verifier's Report 2022
Issuer sector/industry classification (Issuer Identity & Structure)
Public Administration & Defence Verifier's Report 2022
Issuer organizational structure (e.g., public-private partnership, municipal, sovereign) (Issuer Identity & Structure)
State authority (public) Verifier's Report 2022

Issuance Details

Bond instrument type (e.g., green bond, social bond, sustainability bond) (Issuance Details)
Green Bond (Climate Bond Certified) Verifier's Report 2022
Par or principal amount of bond and currency (Issuance Details)
$160,000,000 USD Verifier's Report 2022

Green / Sustainable Finance Framework

Eligible use-of-proceeds categories (Green / Sustainable Finance Framework)
Marine Renewable Energy - Offshore Wind Port Development and Construction Verifier's Report 2022
Project evaluation and selection process description (Green / Sustainable Finance Framework)
Project is part of statewide goal to invest in offshore renewable energy; guided by New Jersey Statewide executive orders, New Jersey Offshore Wind Strategic Plan, and stakeholder input Verifier's Report 2022
Management of proceeds approach (Green / Sustainable Finance Framework)
Bond proceeds will fund Project costs and pay related costs of issuance Verifier's Report 2022
Geographic scope of eligible projects (Green / Sustainable Finance Framework)
New Jersey and United States Eastern Seaboard Verifier's Report 2022

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date (External Review & Verification)
Kestrel Verifiers, December 23, 2022 Verifier's Report 2022
SPO assessment scope and methodology (External Review & Verification)
Assessment of alignment with Climate Bonds Standard (Version 3.0) and use of proceeds conformity with Marine Renewable Energy Sector Criteria Verifier's Report 2022
SPO preliminary evaluation or credibility rating (External Review & Verification)
Impactful, net zero aligned Verifier's Report 2022
Pre-issuance or post-issuance verification type (External Review & Verification)
Pre-issuance verification Verifier's Report 2022

Standards & Regulatory Alignment

Alignment with UN Sustainable Development Goals (Standards & Regulatory Alignment)
Alignment with United Nations Sustainable Development Goals confirmed Verifier's Report 2022
Alignment with Climate Bonds Standard (version applied) (Standards & Regulatory Alignment)
Climate Bonds Standard Version 3.0 - Marine Renewable Energy Sector Criteria Verifier's Report 2022

Impact Metrics & Reporting

Environmental impact metrics (quantitative) (Impact Metrics & Reporting)
11 GW of offshore wind power by 2040; approximately 40 GW across United States Eastern Seaboard Verifier's Report 2022

Corporate Strategy & Mission

Corporate mission and sustainability strategy (Corporate Strategy & Mission)
Investment in offshore renewable energy projects and clean energy jobs aligned with clean energy goals Verifier's Report 2022
Sustainability strategy pillars and focus areas (Corporate Strategy & Mission)
Offshore renewable energy, decarbonization, clean energy jobs Verifier's Report 2022

Sustainability & Climate Commitments

Net zero target year (Sustainability & Climate Commitments)
Net zero aligned (specific target year not stated in documents) Verifier's Report 2022

Changes Over Time

Items where disclosed information changed across documents.

Bond instrument type
2022 Green Bond - Climate Bond Certified
2023 Green Bond
Alignment with Climate Bonds Standard
2022 Climate Bonds Standard Version 3.0
2023 Climate Bonds Standard Version 3.0 - Marine Renewable Energy Sector Criteria
Alignment with UN Sustainable Development Goals
2022 Yes - aligned with UN SDGs
2023 Yes, SDG alignment confirmed
Eligible use-of-proceeds categories
2022 Marine Renewable Energy - Offshore Wind
2023 Marine renewable energy; offshore wind port development and construction; rent reserve account funding
Net zero alignment
2022 Net zero aligned
2023 Net zero aligned bonds