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.

Le SLB d'Auchan, il change la vie?


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

The Forensic Carbon Accountant: JBS SLB


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


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

Sustainability-Linked Bonds bumper week


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

Chile's Peso SLB issuance


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

UK Water company reports: it never rains but it pours


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

Airport SLBs: clear for takeoff


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

Chemicals sector: synthesising impact with SLBs


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

Offi-Chile the largest sovereign SLB issuer


We review Chile's new SLBs, in terms of the materiality of structure, and option pricing.

Deutsche Post SLB: does it deliver?


Deutsche Post's SLB could establish an encouraging trend in supporting emissions reduction in the transport sector.

Sovereign SLB: an option for Japan's transition


In this report we examine Japan's preperations for a financing package to support the green transformation of its economy.

A financial analyst’s Bloomberg keyboard layout.

Carrefour SLB: market update


In this report, we discuss Carrefour's four SLBs and their performance so far.