Green Bond Fact Sheet

New Jersey Resources

Date: 27/08/2019

Issue date: 15-08-2019 Maturity date: 15-08-2029 Tenor: 10Issuer NameNew Jersey Resources

Amount Issued

USD4m

Country of risk

USA

CBI Database

IncludedIssuer Type1

Non-financial
corporate

Bond Type

N/A

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

No reporting commitment disclosed.
New Jersey Resources is a Fortune 1000 company providing natural gas and renewableenergy services, including transportation, distribution, asset management and homeservices. A leader in New Jersey’s clean energy marketplace, NJR invests in, owns andoperates green projects that provide low-carbon energy solutions. Since 2009, NJR has
invested nearly USD800 million in its portfolio of residential and commercial solar projects
adding up to a total installed capacity of 272MW.

Firsts, records andcertifications

The first New Jersey corporate to enter the green bond market.

Proceeds description

The proceeds will support the company’s clean energy investments in the fiscal year 2019,
including six commercial solar installations (a total of 50 MW).

Climate Bonds view

We are pleased to see more corporates – especially medium-sized companies – leveraging
the yet latent potential of the US green bond market. We would encourage New Jersey
Resources to provide post-issuance reporting. Commissioning an external review for theirbond would also be in line with market best practice.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign