This is Climate Bonds Initiative’s first green bond investor survey in a planned series. We talked with 48 of the largest Europe-based investment managers. Total assets under management (AUM) of respondents was EUR13.7tn, and their total fixed income AUM EUR4.3tn, with an average of EUR90bn and median of EUR34bn.
The aim was to gain a comprehensive understanding of how the fixed income investment community is addressing or intending to address climate change through investment decisions, and to identify approaches that would accelerate global green bond issuance.
The survey was undertaken with supporting analysis from Henley Business School of Reading University and sponsored by the Luxembourg Stock Exchange, Credit Suisse, Danske Bank and Lyxor Asset Management.
Summary: Fixed Income Managers want corporate transition issuance, and see impact, issuance and policy as drivers of market growth.
Key findings: Investors are looking for green transition opportunities. They want deals with high climate impact, and highly value green credentials and transparency. Policy is a key driver to investment. There is a widespread lack of supply.
Additional information: Media Statement
We held a Webinar on Wednesday, 27 November 2019, 11:30 – 12:30 GMT to discuss the results. The presentation can be found here.