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Goldman Sachs AM Launches Global Green Bond ETF

ESG Today

Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.

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The nuclear option

Corporate Knights

This turnabout has been most pronounced in the green bond market, where power utilities have, controversially, been adding nuclear energy as an option for green bonds. With this in mind, nuclear green bonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.

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SOEs Undermine Credibility of China’s Green Bonds

Chris Hall

The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their green bond proceeds to non-green projects. . China’s ambition to green its financial market has been making significant progress. SOEs accounted for about half the onshore green issuances from 2019 to 2022.

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The rise (and rise) of sustainability-linked finance

GreenBiz

Indeed, the pandemic response is being financed in part through bonds designed to fund development of vaccines or treatments, support healthcare systems fighting the outbreak or provide relief efforts, such as for cities and counties facing budgetary challenges due to lost revenues and emergency spending.

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This Week’s Fund News: Robeco Introduces Article 9 Biodiversity Strategy

Chris Hall

Labelled as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), the thematic investment strategy will invest in companies that benefit from the transition to a nature-positive world. The post This Week’s Fund News: Robeco Introduces Article 9 Biodiversity Strategy appeared first on ESG Investor.

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How Finance can help stop climate change: Green bonds

Edouard Stenger

Part of this revolution is the meteoritic growth of green bonds, which were started in 2007 by the World Bank and the European Investment Bank. If growth was slow from the first green bond issuance to 2012, things have accelerated since. Green bonds are indeed often oversubscribed due to their success.

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Article 8 Transition Having Muted Impact on Bond Funds

Chris Hall

Many European bond funds have focused on maintaining consistent risk/return profiles when adapting to Article 8 status under the Sustainable Financial Disclosure Regulation (SFDR), according to a new analysis from Morningstar, rather than targeting investment in bonds with strong green credentials.