Sustainability-Linked Bonds

Sustainability-Linked Bonds (SLB) are financial instruments with powerful potential to support the climate transition of corporates and governments. Our academic and market-based research provides investors with models and tools to construct and invest in SLBs with ambitious targets.

Contingent Resilience-Linked (CORL) bonds: combining public and private capital for resilience

31/10/2023

We propose a new bond structure to increase private investment in sustainable development

Enel SLBs: update on 2023 observation date

20/10/2023

Will Enel SLBs meet their Sustainability Performance Targets?

Pilgrim's Pride: tender-ising the meat bond market

06/10/2023

Pilgrim’s Pride’s issuance aims to assuage future financing concerns associated with deforestation

Nordea SLLB: driving for a sustainability-linked future

02/10/2023

We discuss Nordea's innovative Sustainability-Linked Loan structure

Le SLB d'Auchan, il change la vie?

22/09/2023

We analyse Elo Group's SLB, the impact of its KPIs, and the value of its optionality

The Forensic Carbon Accountant: JBS SLB

21/09/2023

JBS, a Brazilian meat producer, has issued three Sustainability-Linked Bonds and in this report we discuss the restatement of 2019 data

SLBs: no cal(l)amity

20/09/2023

We compare a large sample of SLBs with traditional bonds, to identify relative trends of callability

Sustainability-Linked Bonds bumper week

11/09/2023

The first five business days of September were very busy for SLB issuance, with eleven bonds pricing

Chile's Peso SLB issuance

27/07/2023

Chile's recent CLP sustainability linked bond makes it the second largest SLB issuer

UK Water company reports: it never rains but it pours

18/07/2023

In this report, we explore the implications of the UK water sector's poor annual results.

Airport SLBs: clear for takeoff

18/07/2023

In this report, we assess whether airport SLBs have been effective at raising capital for climate transition.

Chemicals sector: synthesising impact with SLBs

13/07/2023

This note provides an overview of SLB issuances in the chemicals sector.