LGIM launches green bond ETF Feb 18, 2021 By Funds Europe
Legal & General Investment Management (LGIM) has launched a hard currency green bond ETF targeting corporates and local currency government bonds using an actively-designed index.
The fund implements ESG scoring and screening methodology, focusing on bonds that have been reviewed by the independent Climate Bonds Initiative and allocating cash towards bond issuers that rank higher on ESG criteria and climate issues.
Green bond issuances that have not been reviewed independently will be excluded, whilst the lowest scoring bond issuers and certain industries such as coal mining, tobacco and oil sands will also be avoided.