Cascade Financial Services unveils social bond framework

By Marisa Wong

Los Angeles, June 28 – Southwest Stage Funding, LLC, dba Cascade Financial Services, announced the launch of its social bond framework, according to a press release.

The new framework has received favorable external validation from ISS ESG, an authority within Institutional Shareholder Services Inc. (ISS) that independently assesses corporate frameworks and social bonds. ISS ESG recently issued a second-party opinion that Cascade’s social bond framework adheres to the ICMA Social Bond Principles.

Among other metrics, ISS ESG recognized that Cascade has enacted positive measures driving its commitment to responsible sales practices, marketing and treatment of customers, including a constructive approach to repayment and financial counseling.

Cascade is a Chandler, Ariz.-based provider of financing to buyers of manufactured homes and a portfolio company of Centerbridge Partners, LP.

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