Social sustainability bonds that aim to improve the livelihoods of women, or “orange bonds”, are an “easier sell” than their climate-related counterparts, says Taimur Baig, managing director and chief economist at DBS Bank.
“[Bonds with a] climate-related lens suffer from the tragedy of the commons,” says Baig on a panel at the Orange Forum 2024 on Dec 10. “If I as a country reduce my emissions by 20% and my neighbouring country doesn’t do anything; system-wide, you could argue emissions are going down and that country is benefitting from my hard work.”
