Green bonds aren’t leading to firm-wide carbon reductions, but they are a start

BIS analysis found that emissions reductions at green bond issuers had dissipated after two yearsProposal for firm-level rating to complement project analysis for green bond issuance to link project- and firm-level climate alignmentHundreds of billions are invested in green bonds, trillions are invested elsewhere; the next steps need to create a stronger link between green project-linked finance and other forms of responsible finance & investment An analysis by researchers at the Bank for International Settlements (BIS) found that green bond issuers did not see a reduction in their carbon emissions following their issuance of green bonds. Based on this finding, the researchers outlined a supplemental measure that would complement project-level requirements for issuers with fi...