It is difficult these days, if not impossible, to find a bank that does not have an official policy or target to boost diversity and inclusion. By pushing them out of their comfort zones, could the pandemic help finally turn these aspirations into reality?
Before the pandemic, elite names were mostly missing from the pioneering ranks of sovereign ESG debt issuers. A year later, the menu of committed issuers is far broader and innovations are emerging
France was the only G7 nation to have issued green bonds prior to the onset of the coronavirus crisis, putting it among a mixed group that ranged from Egypt, Fiji, Hong Kong and Nigeria to a number of smaller EU states.
Now, however, much of the G7 has endorsed green bonds, with Germany’s €7.5bn debut in May 2020 the pivotal moment. Italy too has issued its first deal in the format, while both Canada and the UK are readying their entries into the market.
About the World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody s/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to support the Sustainable Development Goals and to end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. More information on World Bank bonds is available at www.worldbank.org/debtsecurities.
World Bank Prices Dual Tranche 2-Year and 7-Year Benchmarks Catering to a Wide Range of Investors miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.