Bonds

    Until now, ESG-related bonds have been largely ‘green’ – but social bonds look set to surge in 2020. For example, Alphabet Inc. has just made the largest corporate environmental, social and governance (ESG) bond sale, comprising $5.75bn of bonds to fund organisations that support Black entrepreneurs, small and medium businesses impacted by Covid-19, affordable housing and other pressing societal issues. In 2019, the $285bn in ESG bonds was spread across green ($220bn), sustainability ($48bn) and social ($17bn). In the first half of 2020, social bonds are already at $41bn, up 373% from the same period a year ago.

    — Wayne Visser

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    From Purpose Inspired: Reflections on Conscious Living, Volume 4. Buy on Lulu ↗