Three signs that new ‘rules of the game’ are making global finance more sustainable

  • Cookie-cutter bonds... Green bond issuance has jumped 14-fold to $155 billion since 2013.
  • Flight from carbon... Investors have pulled an estimated $5 trillion from carbon-intensive assets (through 2016).
  • China… China’s “Guidelines for Establishing a Green Financial System” cover banking, capital markets and insurance and are among the strongest national commitments to sustainable finance.

Impact investing through private debt: low but stable returns

  • Top line numbers… The 90th percentile of private debt impact funds returned an average 10% in 2016. Returns across the private debt impact funds averaged 2.6% per year since 2012.
  • Debt funds outperformed… the three-month US dollar LIBOR interest rate by more than five-fold, with almost equal volatility.

DanoneWave becomes world’s largest B Corp

  • Largest B Corp… By completing the impact assessment from B Lab, the nonprofit that certifies B Corps, and scoring higher than the minimum threshold, Danone North America has now become the largest B Corp.
  • Danone, the parent company… aims to achieve the certification, according to a statement, and has been working with B Lab since 2015 to define a B Corp model that works for public companies.