Community Capital Management Invests in Social Inclusion Bond Helping Ukrainian Refugees
Ft. Lauderdale, FL, June 29, 2022: Community Capital Management, LLC (CCM), a leading impact and environmental, social, and governance (ESG) investing manager, today announced that it invested $3 million in the Council of Europe Development Bank’s (CEB) Social Inclusion Bond whose proceeds will be primarily used to support Ukrainian refugees hosted by CEB member countries.
The CEB is the first multilateral development bank to disburse grants to help its members meet the immediate needs of Ukrainian refugees for transportation, shelter, food, and medical care. Loans made with proceeds from the three-year notes could also be used by CEB member countries to support the longer term needs of refugees and their host communities.
“We are honored to participate in this issue given its vital efforts to aid refugees, migrants, and displaced persons, and to support the CEB,” said Andy Kaufman, chief investment officer at CCM. “The CEB represents a major instrument of the policy of solidarity in Europe through its participation in financing social projects, responding to emergency situations, and contributing to improving the living conditions of the most disadvantaged population groups.”
“Our new social inclusion bond will enable us to expand assistance to our member states that are hosting millions of displaced persons from Ukraine,” said Anne Flori, directorate for finance at CEB. “Its proceeds will be used to address the most urgent needs of refugees and their host communities.”
Kaufman added: “The proceeds raised for this issuance will help address the financial needs of CEB member countries taking in Ukrainian refugees including funding eligible social loans in several sectors, all of which align with CCM’s 18 impact themes including social housing for low-income families, educational and vocational training, health and social care, and job creation.”
“Our investment opportunity set for securities that are liquid, high credit quality, and that meet our impact and ESG criteria has grown significantly over the last few years and this bond is a great example of how the capital markets can have a positive impact on global issues especially in a time of crisis,” said Alyssa Greenspan, president and COO of CCM.
CCM began managing impact and ESG assets in 1999 and has kept its mission the same over its 22-years: to seek to deliver superior risk-adjusted returns through investment strategies that contribute to positive environmental and social outcomes.
Community Capital Management, LLC
Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission. CCM was founded in 1998 and manages $4 billion in assets. The firm believes a fully integrated portfolio — one that includes environmental, social, and governance (ESG) factors — seeks to deliver strong financial performance while simultaneously having positive long-term economic and sustainable outcomes. CCM’s strategies utilize an innovative approach to fixed income and equity investing by combining the positive outcomes of impact and ESG investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. For more information, please visit: www.ccminvests.com.
Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The verbal and written communications of an investment adviser provide you with information you need to determine whether to hire or retain the adviser. Past performance is not indicative of future results. CCM has distinct investment processes and procedures relating to the management of investment portfolios. The firm’s strategies are customized, rather than model-based, and utilize an innovative approach to fixed income and equity investing by combining the positive outcomes of impact and environmental, social, and governance (ESG) investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. Bonds are subject to interest rate risk and will decline in value as interest rates rise.