ESM gives green light to social bonds

By Burhan Khadbai
03 Jun 2020

The European Stability Mechanism has decided to proceed with its plans of issuing social bonds to fund its pandemic crisis support package with a framework being developed tied to the International Capital Market Association’s Social Bond Principles.

“We are working on a social bond framework… the ESM strives to make use of social bonds as an innovative debt instrument, in order to allow investors focusing on environmental, social and governance (ESG) issues to allocate their funds to the ESM members hit by the pandemic crisis,” ...

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