Fixed Income Special Interest Group

Hey everyone, happy Friday! 

For the first discussion topic in our little (for now!) group, we thought we'd go with sustainability-linked bonds (SLBs). Maybe you haven't come across SLBs in particular yet, or maybe you've had the pleasure of reading through some SLB frameworks recently and survived to tell the tale. Either way, we welcome your thoughts and questions! 

This article from last week touched on some of the issues more discerning investors like NNIP have with SLBs. Do you agree? Have you seen any truly worthy SLBs - e.g. in the energy sector? If you run ESG money, in which areas do you see room for issuers to up their game? 

Social moves pique NN IP interest, SLBs yet to convince

Sustainabonds		remove preview
Social moves pique NN IP interest, SLBs yet to convince NN Investment Partners' green bond offering has this year been boosted by an increase in sovereign activity, while social developments may have opened a gap in the market, according to Douglas Farquhar, client portfolio manager for green bonds, NN IP, even if its reservations about sustainability-linked bonds (SLBs) persist. View this on Sustainabonds >

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Nona Alexander
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At the risk of sharing too much NNIP content... for anyone unfamiliar with but curious about SLBs, here's a piece you can quickly skim to get the gist: 
https://www.nnip.com/en-INT/professional/insights/articles/sustainability-linked-bonds-a-viable-alternative-for-green-bonds

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Nona Alexander
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Original Message:
Sent: 20-08-2021 16:19
From: Nona Alexander
Subject: Sustainability Linked Bonds

Hey everyone, happy Friday! 

For the first discussion topic in our little (for now!) group, we thought we'd go with sustainability-linked bonds (SLBs). Maybe you haven't come across SLBs in particular yet, or maybe you've had the pleasure of reading through some SLB frameworks recently and survived to tell the tale. Either way, we welcome your thoughts and questions! 

This article from last week touched on some of the issues more discerning investors like NNIP have with SLBs. Do you agree? Have you seen any truly worthy SLBs - e.g. in the energy sector? If you run ESG money, in which areas do you see room for issuers to up their game? 

Social moves pique NN IP interest, SLBs yet to convince

Sustainabonds		remove preview
Social moves pique NN IP interest, SLBs yet to convince NN Investment Partners' green bond offering has this year been boosted by an increase in sovereign activity, while social developments may have opened a gap in the market, according to Douglas Farquhar, client portfolio manager for green bonds, NN IP, even if its reservations about sustainability-linked bonds (SLBs) persist. View this on Sustainabonds >

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Nona Alexander
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Thanks for sharing @Nona Alexander 

On a related topic I highly recommend the attached piece by Federated Hermes. It talks about the decarbonization aspect of the sustainability discussion and how to incorporate it into fixed income investing. 

https://www.hermes-investment.com/uki/wp-content/uploads/2021/07/fhi-scoring-framework-for-brown-divestment-06-2021.pdf

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Andrey Kuznetsov
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Original Message:
Sent: 20-08-2021 16:24
From: Nona Alexander
Subject: Sustainability Linked Bonds

At the risk of sharing too much NNIP content... for anyone unfamiliar with but curious about SLBs, here's a piece you can quickly skim to get the gist: 
https://www.nnip.com/en-INT/professional/insights/articles/sustainability-linked-bonds-a-viable-alternative-for-green-bonds

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Nona Alexander

Original Message:
Sent: 20-08-2021 16:19
From: Nona Alexander
Subject: Sustainability Linked Bonds

Hey everyone, happy Friday! 

For the first discussion topic in our little (for now!) group, we thought we'd go with sustainability-linked bonds (SLBs). Maybe you haven't come across SLBs in particular yet, or maybe you've had the pleasure of reading through some SLB frameworks recently and survived to tell the tale. Either way, we welcome your thoughts and questions! 

This article from last week touched on some of the issues more discerning investors like NNIP have with SLBs. Do you agree? Have you seen any truly worthy SLBs - e.g. in the energy sector? If you run ESG money, in which areas do you see room for issuers to up their game? 

Social moves pique NN IP interest, SLBs yet to convince

Sustainabonds		remove preview
Social moves pique NN IP interest, SLBs yet to convince NN Investment Partners' green bond offering has this year been boosted by an increase in sovereign activity, while social developments may have opened a gap in the market, according to Douglas Farquhar, client portfolio manager for green bonds, NN IP, even if its reservations about sustainability-linked bonds (SLBs) persist. View this on Sustainabonds >

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Nona Alexander
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