Positive selection vs negative screening

As the impact and sustainable investing markets expand and develop, different investors are employing different investment selection strategies. The Global Sustainable Investment Alliance provides a helpful characterisation of these different approaches[1]. Those...
Screening for impact: Spotlight on Sovereigns

Screening for impact: Spotlight on Sovereigns

Governments hold a crucial role in shaping and facilitating national transitions to a low carbon and socially equitable economy given the breadth and scale of their mandates, as well as their power to catalyse private sector action. Sovereign impact bonds are a key...
Impact investing to finance the net zero transition

Impact investing to finance the net zero transition

The Intergovernmental Panel on Climate Change’s (IPCC) sixth assessment report (AR6), the first section of which was published in August 2021, presents a sobering assessment of the lagging efforts the world has taken to reduce GHG emissions.[1] The AR6 emphasises what...
Greenium – fact or fiction?

Greenium – fact or fiction?

Introduction Since the inception of the green bond market, there has been a debate around the concept of a green bond yield discount, or ‘greenium’. ‘Greenium’ is the idea that issuers are able to obtain a cheaper cost of funding by issuing debt with a specified ‘use...