The need for green and social investment
Financing the transition to a sustainable and inclusive economy
Green Social Sustainable Bond Fund invests in bonds we identify as good
investments from a financial perspective, and which can be clearly defined as
sustainable, with an explicit link to environmentally and/or socially beneficial
projects. Bond proceeds must be sufficiently segregated; financed projects must
qualify as sustainable activities as defined by ICMA; and the issuer must have an
adequate reporting framework in place.
Green bond
Transforming transportation
VOLVO CAR AB (VOVCAB), Sweden
Social bond
Socio-economic advancement
AFRICAN DEVELOPMENT BANK (AFDB), Supranational
Sustainable bond
Beyond green financing
AMERICAN EXPRESS COMPANY (AXP), United States
Green Bond
Case study: Transforming transportation
VOLVO CAR AB (VOVCAB), Sweden
Volvo – European Automotive Manufacturer
- Issuer aims to become a leading premium electric car brand and plans for the full electrification of its new vehicle fleet from 2030 onwards.
- Green projects include those related to the design, development and manufacture of zero emission vehicles, including electric vehicles (EVs).
- Company targets a 40% reduction in its overall emissions intensity by 2025, on the pathway to become a climate neutral and circular business by 2040.
- Access to the European high yield automotive sector without compromising on the investment process.
- Opportunity to engage with the issuer to bring its Green Financing Framework up to the Gold Standard.
- Clean Transportation
- At least 75%
- Annual
Social Bond
Case study: socio-economic advancement
AFRICAN DEVELOPMENT BANK (AFDB), Supranational
African Development Bank – a multi-regional supra
- African Development Bank (AfDB) group is a multi-lateral organisation focused on reducing poverty and improving living conditions in Africa.
- The group is comprised of 3 institutions: the African Development Bank (AfDB), the African Development Fund and Nigeria Trust Fund.
- 81 member countries, with funding available to 17 middle-income countries.
- Eligible projects to be financed are expected to lead to poverty reduction and job creation, as well as inclusive growth
- 2025 goals include creation of 205 million power connections, lifting 130 million people out of poverty, creating 35 special economic zones, strengthening public-private partnerships, facilitating intra-African trade, and creating 25 million jobs.
- AfDB benefits from strong shareholder support, and has a strong liquidity and capital profile.
- Food security and sustainable food systems
- Affordable basic infrastructure
- Access to essential services
- Affordable housing
- Employment generation
- Socioeconomic advancement and empowerment
- At least 75%
- Annual
Sustainable Bond
Case study: beyond green financing
AMERICAN EXPRESS COMPANY (AXP), United States
American Express – a global payments company
- First ESG bond issued by this company
- Green projects include those related to green buildings and circular economy initiatives such as the use of recycled plastics for Amex credit cards
- Socioeconomic advancement & empowerment initiatives include efforts to increase diversity of suppliers and investments in small and medium-sized businesses
- Issuer has launched a Community Giving Mission, providing grants to help empower diverse communities
- Grants will be awarded to programs which improve financial literacy and provide training for small business owners, and to initiatives which advance innovation on climate action.
- Green buildings
- Circular economy
- Socioeconomic advancement and empowerment
- Affordable housing
- At least 75%
- Annual
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