- Why has the issuer not considered more ambitious or precise targets to ensure that the bond ranks higher than the current "light green"?
- How do the targets/KPIs relate to requirements set by the recently enacted EU Deforestation Regulation?
- The low rankings of the issuer from many of the leading providers in the biodiversity space make it hard to invest in the name from a quantitative portfolio allocation angle. Will there be remedies to this, and what will those be?
A successful and highly profitable food retailer in Scandinavia is in a strong position to have a market-leading green bond framework with ambitious use-of-proceeds in terms of biodiversity/food supply chain impact. In its current state, we ask investors to consider if the ICASS proposal gets there.