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dc.titleSustainable Issuer versus Sustainable Issuance: Providing Public Issuers of Sustainable Bonds in Latin America and the Caribbean with Insight into the Nascent Universe of ESG Ratings
dc.contributor.authorBocquet, Rodolphe
dc.contributor.authorBraly-Cartillier, Isabelle
dc.contributor.authorPombo, Mariana
dc.contributor.authorDe Salins, Antoine
dc.contributor.orgunitConnectivity, Markets and Finance Division
dc.coverageLatin America and the Caribbean
dc.date.available2021-06-23T00:00:00
dc.date.issue2021-06-23T00:00:00
dc.description.abstractBased on recent works and experiences from issuers in Latin America and the Caribbean, and complemented by interviews of experts, this study provides public issuers with insight and encouragement to engage into the nascent world of environmental, social, and governance (ESG) evaluations and assessments, ratings, scoring, and profiles. Increasingly, investors are integrating ESG into their decision-making processes for various reasons, including risk-return considerations, client mandates, disclosure commitments, and regulatory requirements. Although an increasing number of investors have ESG investing strategies and responsible investment policies in place, ESG factors have primarily been integrated into decision making in equity rather than fixed income portfolios. Few investors have a systemic approach to ESG integration in debt portfolios, especially in sovereign debt. Their number is growing, however, and investors increasingly are demanding ESG ratings of bond issuers, especially thematic bond issuers, whether corporate or sovereign.
dc.format.extent102
dc.identifier.doihttp://dx.doi.org/10.18235/0003350
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Sustainable-Issuer-versus-Sustainable-Issuance-Providing-Public-Issuers-of-Sustainable-Bonds-in-Latin-America-and-the-Caribbean-with-Insight-into-the-Nascent-Universe-of-ESG-Ratings.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectSustainable Development
dc.subjectSustainability
dc.subjectSustainable Development Goals
dc.subjectGreen Bond
dc.subjectCredit Market
dc.subjectSocial Bond
dc.subjectFinancial Bond
dc.subjectSustainable Investment
dc.subjectRegulatory Governance
dc.subjectEnvironmental, Social and Governance
dc.subjectCredit Rating Agency
dc.subject.jelcodeQ56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth
dc.subject.jelcodeG15 - International Financial Markets
dc.subject.jelcodeG11 - Portfolio Choice • Investment Decisions
dc.subject.jelcodeG32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill
dc.subject.keywordsESG investing;sovereign debt;Green Bonds;emerging markets;social bonds
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-00938
idb.operationRG-T2718
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