Stockholm (NordSIP) – Nasdaq announced the launch of the Nasdaq Sustainable Bond Network, a global, publicly available web-based platform designed to improve transparency in the market for green, social and sustainability bonds.
According to Nasdaq, the online platform provides global sustainable bond issuers with a forum on which to voluntarily publish data regarding their specific bonds. While issuers using the network have the opportunity to showcase their sustainability efforts and provide more transparency and visibility for their bonds, investors on the network can make informed comparisons across sustainable bond products.
The Nasdaq Sustainable Bond Network also introduces a standard framework for impact reporting.
“As an investor, we want to actively contribute to shaping the future of sustainable finance,” says Beatrix Anton-Grönemeyer, Chief Sustainability Officer at Allianz Global Investors. “We are strong supporters, and we are looking forward to contributing to the development of the Sustainable Bond Network as we believe it will create more transparency and has the potential to simplify investment decision-making in this nascent asset class.”
The data in the network will initially cover a few European and U.S. issuers and will be expanded with inputs from Allianz Global Investors, Freddie Mac, SEB, The Nordic Investment Bank, Alecta, The San Francisco Public Utilities Commission, New York State Homes and Community Renewal, Cicero and Climate Bonds Initiative.
“As portfolio managers look to keep pace with investor demand, the launch of our Sustainable Bond Network will help our clients evolve their sustainable investing strategies,” says Bjørn Sibbern, President, European Markets at Nasdaq. “Based on experience gained building our European sustainable debt markets and our ESG Data Portal, this launch marks the next phase of our mission to increase transparency around sustainability to issuers and investors across the globe.”