Resources
May 13, 2024
Sustainability-Linked Bond Handbook
The SLB Handbook from the Anthropocene Fixed Income Institute offers a practical overview of the SLB market.
Read MoreMarch 20, 2024
Sustainability-Linked Bonds: How to make them work in developing Countries, and how donors can help
This report provides an overview of developments, challenges and opportunities in the new sustainabilitylinked bond...
Read MoreMarch 20, 2024
NDEs and Credit Ratings: the Impact of the 2007-2008 Global Financial Crisis on the Credit Ratings of Nature Dependent Exporters
Here we explore the relationship between NDE categories, sovereign credit ratings, and resilience to global economic...
Read MoreNovember 2, 2023
From Links to Linkages
This paper explores possibilities of integrating the proceeds of natural capital into sovereign debt instruments.
Read MoreOctober 12, 2023
Assessing Nature-Related Issues in Sovereign Debt Investment
Building on the TNFD’s recommendations and additional guidance, NatureFinance has developed tailored guidance...
Read MoreSeptember 19, 2023
Investor Questionnaire Results Report
SSDH carried out a survey among major institutional debt asset managers on Sovereign Sustainability-Linked Debt.
Read MoreAugust 29, 2023
Saving sustainability-linked bonds
The World Bank's blog proposes solutions to reinvigorate the SLB market.
Read MoreAugust 10, 2023
A Green Deal for the Amazon - Sovereign SLBs
Moritz Kraemer argues that tailored SLBs can support incentives for conservation for governments in the Amazon region.
Read MoreJune 30, 2023
The Triple Agenda - Strengthening Multilateral Development Banks
The report of an Independent Expert Group commissioned by the Indian G20 Presidency argues for a radical reform of MDBs.
Read MoreJune 15, 2023
Sovereign SLB: an option for Japan’s transition
Japan is looking to finance its decarbonisation program with transition bonds. AFII suggests sovereign SLBs instead.
Read MoreMarch 31, 2023
More for Less: Scaling Sustainability-linked Sovereign Debt
A viable market for sustainability-linked debt can address the triple challenge of public debt distress, climate...
Read MoreMarch 23, 2023
The potential of sovereign sustainability-linked bonds in the drive for net-zero
The Bruegel's report explores how sovereign SLBs could incentivise climate policies and emission reductions in the EU.
Read MoreJanuary 25, 2023
The Role of Credit Enhancement in Sovereign Sustainability-linked Debt Issuance
The Landscaping Review explores the role that credit enhancement can play in sustainability-linked sovereign debt.
Read MoreDecember 14, 2022
Stepping out of the comfort zone: What’s next for sustainability-linked financing?
This blog from the World Bank discusses the future of sustainability-linked financing.
Read MoreOctober 29, 2022
Notes on Risk-Neutral Pricing of SLBs and Step-down Structures
AFII's paper analyses Sustainability-Linked Bonds (SLBs) through a risk-neutral present value scenario approach...
Read MoreSeptember 7, 2022
SSDH Prospectus
The Sustainability-linked Sovereign Debt Hub (SSDH) creates both an inclusive cooperative space...
Read MoreAugust 12, 2022
Debt-for-Climate Swaps: Analysis, Design, and Implementation
This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake
Read MoreJuly 11, 2022
Integrating Nature into Debt Sustainability Analysis
This report highlights the importance of integrating nature-related risks into debt sustainability frameworks for...
Read MoreJune 28, 2022
Could a sovereign sustainability-linked bond help protect the Amazon? Part 2
This blog is part two of a two-part blog series. The previous blog describes the Brazilian context and the difficulties
Read MoreJune 27, 2022
Could a sovereign sustainability-linked bond help protect the Amazon? Part 1
This blog is part one of a two-part blog series. This blog describes the Brazilian context and the difficulties with pur
Read MoreJune 23, 2022
Nature Loss and Sovereign Credit Ratings
Biodiversity loss and environmental degradation can have material impact on sovereign creditworthiness. Current methodol
Read MoreApril 5, 2022
Chile sustainability-linked bond: Optionality analysis
Anthropocene Fixed Income Institute's review illustrates how to price the optionality value in the SLB...
Read MoreMarch 23, 2022
Wildlife Conservation Bond mobilizes private capital to protect critically endangered rhinos
The World Bank’s USD 150 million Wildlife Conservation Bond (WCB) is a first-of-its-kind outcome-based bond that...
Read MoreMarch 3, 2022
Greening Sovereign Debt Performance - Shared Risk and Rewards in Financing the Transition
Sovereign bond markets need to quickly and radically innovate in order to successfully integrate climate- and nature...
Read MoreJanuary 18, 2022
The elephant in the room: Bringing sustainable investment to Africa
The coronavirus pandemic has renewed interest in sustainable investing strategies that allow investors to both protect t
Read MoreJanuary 6, 2022
Striking the right note: Key performance indicators for sovereign sustainability-linked bonds
A new World Bank report - Striking the Right Note : Key Performance Indicators for Sovereign Sustainability-Linked...
Read MoreNovember 1, 2021
Linking sovereign debt to climate and nature outcomes. A guide for debt managers and environmental decision makers
As countries grapple with the triple crisis of debt, climate change and nature loss, compounded by the impacts of the...
Read MoreNovember 1, 2021
Case Study BELIZE DEBT CONVERSION FOR MARINE CONSERVATION
In November 2021, The Nature Conservancy (TNC) and the Government of Belize (Belize) announced the completion of a...
Read MoreOctober 18, 2021
Scaling up Green, Social, Sustainability and Sustainability-linked Bond Issuances in Developing Countries
This report explores the global landscape of the Green, Social, Sustainability and Sustainability-linked (GSSS) Bond...
Read MoreJuly 29, 2021
Nature Performance Bonds - Frequently Asked Questions
Performance-based debt instruments have the potential to transform the way nature, climate and other sustainability...
Read MoreJune 30, 2021
The Economic Case for Nature
The Economic Case for Nature is part of a series of papers by the World Bank that lays out the economic rationale for...
Read MoreFebruary 1, 2021
The Economics of Biodiversity: The Dasgupta Review
Final Report of the Independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.
Read MoreJune 1, 2020
Sustainability-Linked Bond Principles
Sustainability-Linked Bonds (“SLBs”) aim to further develop the key role that debt markets can play in funding...
Read MoreMarch 1, 2018
Sovereign Sustainability-Linked Bonds: Chile Sets A High Bar
In March 2018, as part of its Long Finance initiative, Z/Yen published the first edition of the Global Green Finance...
Read MoreJanuary 20, 2016
Conservation finance: from niche to mainstream : the building of an institutional asset class
The objective of this report is to identify financial product structures that have the potential to establish...
Read More