World Bank renews U.N. Sustainable Development Goals bonds partnership (GreenBiz)

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The World Bank, BNP Paribas and Swiss private bank SYZ have renewed their partnership for an equity bond offering that will link investment returns to the performance of companies advancing priorities set out in the United Nations’ Sustainable Development Goals (SDGs).

Under the renewed partnership, announced Sept. 10, BNP Paribas will arrange the bond, with Banque SYZ the sole distributor of the note in Switzerland which will directly connect private investors to the SDGs. All investments will be used to finance World Bank development projects.

- Promotion -

It follows “great interest” from investors after SYZ first offered SDG-focused investment opportunities to private clients last year, according to the Swiss bank, prompting the decision to renew its partnership with the World Bank’s International Bank for Reconstruction and Development (IBRD) on another equity-linked bond offering.

The return on investment of the bond is directly linked to the stock performance of companies included in the Solactive Sustainable Development Goals World MV Index, according to the World Bank.

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Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been awarded ‘A+’ and ‘A’ ratings by the United Nations Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investing, as part of the organisation’s 2020 Assessment Reports for signatories.

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