Danone considering corporate 'sustainability' bonds that premium if they don't meet targets

Responsible-Investor.com reported this week that Danone, the French dairy products and bottled water giant, has been looking at the idea of issuing corporate bonds that would have an increased payout if they didn't meet environment, social and governance targets.

Would investors be interested if this approach were used for climate bonds, with penalty rates triggered if bonds don't live up to their environmental promises?