“We hope this collaboration demonstrates the financial market opportunity in funding sustainability to help bridge the financing gap for EM corporate issuers whose activities are aligned with and positively contribute to the UN’s Sustainable Development Goals,” Nicolas Moreau, the chief executive of HSBC Asset Management, said in the statement.
The asset management unit of HSBC Holdings is teaming up with International Finance Corporation (IFC) to create a joint fund designed to support corporate bond issuers in emerging markets.
The fund, which will carry the European Union’s strictest sustainability designation — known as Article 9 — is being set up with a view to mobilising additional institutional investors and increasing the pool of capital available to emerging market issuers pursuing sustainable goals, according to a statement published on Wednesday by HSBC and IFC, a member of the World Bank Group.
