Nasdaq Launches Sustainable Bond Network
December 10 2019 - 5:00AM
Nasdaq (Nasdaq: NDAQ) today launched the Nasdaq Sustainable Bond
Network, a global, publicly available web-based platform designed
to improve transparency in the market for green, social and
sustainability bonds. The online repository provides issuers of
sustainable bonds across the world with a platform to voluntarily
publish key information and data regarding their specific bonds*,
which, in turn, provides investors with the information they need
to compare sustainable bonds successfully.
Issuers using the Nasdaq Sustainable Bond Network are provided
an opportunity to showcase their sustainability efforts and provide
a greater level of transparency for their bonds. The Nasdaq
Sustainable Bond Network also introduces a standard framework for
impact reporting.
For investors, the Network´s data collection tools address a
growing need for improved data aggregation in the sustainable bond
market, replacing the need for the manual collection and
administration of data.
From its launch, the Nasdaq Sustainable Bond Network contains
bond data from a select number of European and U.S. issuers. The
Network will be continuously expanded through feedback from a
global advisory board, consisting of public and private investors,
expert organizations and issuers, including: Allianz Global
Investors, Freddie Mac, SEB, The Nordic Investment Bank, Alecta,
The San Francisco Public Utilities Commission, New York State Homes
and Community Renewal, Cicero and Climate Bonds
Initiative.
“As an investor we want to actively contribute to shaping the
future of sustainable finance,” says Beatrix Anton-Grönemeyer,
Chief Sustainability Officer at Allianz Global Investors. “We are
strong supporters, and we are looking forward to contributing to
the development of the Sustainable Bond Network as we believe it
will create more transparency and has the potential to simplify
investment decision-making in this nascent asset class.”
In 2015 Nasdaq launched the world´s first sustainable bond
market, which has more than doubled in size every year since and
recently surpassed 200 listed instruments across 50 issuers in the
Nordic region. Following the strong growth of the market, Nasdaq
has expanded its offering to include additional segments. In
December 2018, Nasdaq launched an ESG Data Portal, a centralized
distribution point that offers investors access to standardized ESG
data from Nordic listed companies.
“As portfolio managers look to keep pace with investor demand,
the launch of our Sustainable Bond Network will help our clients
evolve their sustainable investing strategies,” says Bjørn Sibbern,
President, European Markets at Nasdaq. “Based on experience gained
building our European sustainable debt markets and our ESG Data
Portal, this launch marks the next phase of our mission to increase
transparency around sustainability to issuers and investors across
the globe.”
* Bond data includes the Key Sustainable Bond Documents —
Framework, External Review, Assurance Reports and Allocation/Impact
Reports — as well as Project Categories, Project Category
Allocation and Impact Metrics.
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Nasdaq Media Contacts:David Augustsson+46 (8)
4056135david.augustsson@nasdaq.com
U.S.Matthew Sheahan+1 (212)
231-5945matthew.sheahan@nasdaq.com
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