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28 April 2021 • Articles

Cinco Dias

Social bonds are making their way into fixed-income funds


Bonds ESG

In this article, published in the Spanish newspaper Cinco Días, Pia Gowland, Director of Debt Services at Morrow Sodali, analyzes the current situation on the evolution of social bonds and argues that reasonably it will take several more years to create a more and better regulated market for this type of bond. 

"We are well aware that it took more than a decade to define the standards and conditions for denominate a green bond as such. Therefore, it is clear that, at this early stage, the risk of socialwashing can occur, consequently some issuers may appear more socially responsible than they really are," explains Pia in the article. 

According to Natixis, 1.2 billions € is the volume of money circulating in green bonds and sustainable bonds worldwide, 20% more than at the end of 2020.

Read the full article here (in Spanish)

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