The biggest question for capital allocation in sustainable finance is how to capture externalities – most importantly the wider cost of emissions – without excessively adversely affecting performance. L-Bank acted as dual studies partner for research by graduate student David Alexander Jablonski, which finds that there may be a performance benefit from investment in a Paris Agreement-aligned portfolio.
Supranational, sovereign and agency Kangaroo issuance started the new year at record pace and by late February remained on course for the busiest start to the year for a decade. Market users say a raft of supporting factors has made deal flow possible for a notably wide range of issuers and share a cautiously optimistic outlook for the rest of 2022.
Sustainable finance continues to gather momentum in 2021, with record labelled issuance and ‘greeniums’ developing into the norm for pricing these instruments. A recent thesis questions the efficacy of such developments, however – instead calling for a sustainable-finance market that considers entities as a whole rather than their individual assets.
SSA Yearbook 2022
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.