FROM THE EDITOR
Responsible Investment Adds “Social Bonds” to Ethical Finance Products Glossary
Add this term to your socially responsible investing vocabulary: “social bonds.” These are financial products aimed at addressing social issues such as access to education, crime, homelessness, and helping underserved communities and disadvantaged children. This market is small—just $3.5 billion of social bonds were issued in Q2 of this year—but the market is booming, according to the Financial Times. Data provider Dealogic reports that this was more than double the previous record, and the best quarter on record. FT states that the trend is “part of a wider shift by bond investors to follow in the footsteps of longstanding efforts to push for ethical investing.” For issuers, the ROI is clear: reaching new investors. Watch for standards to be settled (how to measure effectiveness?), then for this market to really take off.
John Howell, Editorial Director
ReportAlert: American Cleaning institute releases 4th Sustainability Report
News & Blogs
(3BL Media/Justmeans) – The UK’s first-ever Social Mobility Employer Index has released its findings - ranking Britain’s employers on the actions they are taking to ensure they are open to accessing and progressing talent from all backgrounds, and showcasing progress towards improving social mobility in the workplace.
(3BL Media/Justmeans) – Regional sustainable development emphasizes the mitigation of regional disparities across the globe, and seeks to address local economic, social and ecological concerns to build a more equitable world. Multinational companies have a responsibility to focus on ESG efforts in all the communities they represent worldwide.
(3BL/JustMeans) Bacardi pledged to stop serving straws last year at company events. The company known for its rum began its "no straw pledge" at its North America regional headquarters office in Coral Cables, Florida and its Bombay Sapphire Distillery at Laverstoke Mill in Hampshire, England.
(3BL/JustMeans) Conserving water is important in a world where some regions are water-stressed. One company understands water conservation and works to produce products that save water: Kohler Co.
(3BL/JustMeans) Coconut oil is growing in popularity. It is projected to have a compound annual growth rate (CAGR) of 9.75 percent. The wide range of health benefits associated with coconut oil is one of the main drivers of market growth. What is lacking in the coconut oil industry is sustainable certification.