ESG & Investing
Bankers Doing Bond Deals Jolted by New Era of Issuer Clauses
- Barclays questioned about low ESG rating by bond issuer KfW
- KfW, NIB, Berlin Hyp among issuers tracking banks’ ESG metrics
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
While vocal opposition to environmental, social and governance principles in the US has dominated headlines of late, behind the scenes, some of the world’s biggest bond issuers are quietly telling global banks that bad ESG scores may dent their appeal as underwriters.