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In 2019, Nasdaq launched the Nasdaq Sustainable Bond Network (NSBN), a global platform that aims to increase transparency and accessibility to green, social and sustainability bonds.
Green bond issuance has grown substantially since the first green bonds were issued in 2007,as investors seek opportunities to fund environmental and climate-related projects. The NSBN provides investors with detailed information on sustainable, green and social bonds for investment due diligence, selection and monitoring. NSBN displays all data, qualitative information and documents submitted by issuers on an open to-all website and disseminates the information in a machine-readable format through proprietary market data feeds.
Nasdaq's goal is to bring transparency to the global sustainable bonds market, equipping both product issuers and investors with the information they need to make data-driven decisions to help advance organizations looking to take on green initiatives. NSBN has more than 4,800 bonds and 350 issuers.
Ann-Charlotte Eliasson, head of European debt and sustainable bonds, Nasdaq, gave an interview about how the network is digging into the SDGs, expanding into Asia, and offering additional services to investors. More here. BTG Pactual, the largest investment bank in Latin America, is the last organization that joined the NSBN.
The bank registered its raising of US$ 500 million in green bonds, from January this year, alongside two other minor issuances made in 2020, and became the first financial institution from Latin America to join the list. The list also includes bonds added by International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector in emerging markets and the African Development Bank include bonds intended to raise funds to manage issues in developing countries following the Covid-19 pandemic.