Green Bonds: The Shape of Green Fixed-Income Investing to Come

Fixed-income securities that use their proceeds toward the financing of ESG-aligned projects have proven particularly attractive among investors. Their volume has been increasing exponentially since their inception by the European Investment Bank (EIB) in 2007 and following their expansion by the International Finance Corporation (IFC) in 2010.

For this special issue, we looked for articles that explore the extent to which sustainability-linked and ESG-aligned fixed-income securities can support the mainstreaming of responsible investment principles across the financial sector.

Reflecting on My Journey from Student to Practitioner

Environmental Alpha Against a Backdrop of Industry Change Katherine Burstein McGinn, CFA When a professor first introduced me to the concept of sustainable investing, the academic literature in which I immersed myself mostly explored the positive and negative impacts of exclusionary screening. That was 2007. At the time, there was already evidence that of the three categories of typical exclusionary …