We develop a conceptual framework to understand the incentive structure and pricing mechanisms of Sustainability-Linked-Bonds (SLBs). The model allows us to characterize the conditions under which an SLB is incentive compatible for a firm. We further derive a novel measure which identifies the...

Former reports of Environmental, Social and Governance (ESG) tended to focus on the equity side of investing, and today green bonds also offer and introduce sustainability factors. This paper is about the relevance, potential benefits and key arguments for countries with low-and middle-incomes...

1 Introduction -- 2 Towards a European Green Bond Standard: A European initiative to promote sustainable finance -- 3 Member States sovereign green bond issuance and the development of local green bond markets in the EU -- 4 Issuing a green bond – a practical perspective -- 5 Issuing green...