National Australia Bank has created a fixed-income gender equality bond.
The new bond will finance “employers of choice for gender equality” as determined by an Australian government agency.
Organizations on the list demonstrate commitment to cultivating female leadership, closing the gender pay gap, enabling a safe work environment, and offering family-friendly work arrangements.
The bond’s portfolio already includes accounting firms PwC and KPMG Australia, law firm King & Wood Mallesons, and two universities, Monash and Australian Catholic.
The bank did not disclose the bond’s financial details.
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