Research

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Uruguay SLB: market update

05/06/2023

Here, we discuss Uruguay's inaugural SLB that has an innovative symmetric step-up/step-down structure.

A row of wind turbines at dawn.

Sustainability-Linked Bonds: alternative steps

23/05/2023

In this note we analyse some SLBs using new structures, to evaluate their benefits for investors and issuers.

A financial analyst’s Bloomberg keyboard layout.

Nobian SLB: a lot of hot air?

16/05/2023

Nobian has released its 2022 sustainability report, showing a significant drop in emissions.

Decarbonising iShares' JPM EMB ETF

11/05/2023

We apply our Fixed Income Optimisation for Net zero Alignment approach to sovereigns.

ICA Gruppen green bond: deforestation risk

10/05/2023

In this report, we discuss the questions rasied by ICA Gruppen's inaugural green bond.

A row of wind turbines at dawn.

Greenback SLBs: an impact standardisation proposal

10/05/2023

In this report, we separate an analysis of SLB structures into discussions around materiality and ambition.

Carrefour: 1 SLB, 2 KPIs, 3 Scopes of emissions included

02/05/2023

In this report, we compare Carrefour's SLB with its traditional bonds.

Arctic oil & gas: left out in the cold

26/04/2023

In this report, we consider the implications of changes to the exclusion criteria of a range of ‘ESG screened’ indexes.

A financial analyst’s Bloomberg keyboard layout.

PIF: big on Aramco, big on green bonds

19/04/2023

In this report, we encourage participants to discuss the suitability of PIFKSA ‘green’ bonds in green funds.

Cargill: EUR bond, EU deforestation risk

14/04/2023

In this report, we discuss Cargill's clear deforestation and land-use change exposures.

Financial candles on a screen.

Performance review of FIONA portfolios: Q1 2023

14/04/2023

This note analyses the relative performance of several FIONA portfolios.

A row of wind turbines at dawn.

SLBs: complementary, my dear Investor

13/04/2023

In this report, we analyse the different characteristics of SLB issuers compared with green bonds.

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