Issuers have myriad incentives— often including a lower cost of capital than a traditional bond—to apply the green label to their bond offerings.
Yet, once filtered through our Green Bond Framework, it’s clear that many of these securities present the opportunity for only marginal environmental improvements or possibly none at all. Although this less-than-green issuance has occurred globally, it has become prominent in Asia as the size of the green bond market has grown and issuers’ ESG initiatives have continued to evolve from their early stages.
You can now read the full ‘Sponsored Commentary’ at the link below
Supporting documentsClick link to download and view these files
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