Firms Scrub Dirty Bonds Off Books in Quest for ESG Credentials

Bloomberg Quint | Jul 1, 2021 at 11:30 AM
  • A new trend is emerging in the world of ESG as companies turn their attention to cleaning up old debt.
  • The company issued its first sustainability-linked hybrid in June while buying back part of a hybrid sold in 2018, following up on a sustainable-linked issue and exchange offer in April.
  • Owing to the smorgasbord of voluntary rules governing the market for ethical debt, even if a company shifts toward ethical financing, the burden of identifying so-called greenwashing — where the environmental benefit of an investment strategy is exaggerated or misrepresented — is on investors.