Asian fixed income behemoths team up for green bonds
The Asian Development Bank (ADB) and Japan’s Government Pension Investment Fund (GPIF) have launched an initiative to promote green bonds, with the largest pension fund in the world requiring all of its asset managers to consider sustainability aspects in decision making.
The institutions will collaborate on promoting environment, social and governance (ESG) linked bonds in the Asia Pacific region. This will be done through GPIF buying ADB green bonds.
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