hus far, 60 countries, as well as a plethora of companies and cities, have adopted net-zero by 2050 targets. Originally proposed in the Paris Agreement, the coalition towards net zero emissions by mid-century is growing. But commitments must be backed by bold, credible actions.
As the name suggests, a Green Energy Bond (“green bond”) is a fixed income instrument that is earmarked for climate and environmental projects, typically issued by a corporation or government agency. Green bonds function similarly to traditional bonds, except the funds are publicly slated for sustainability-focused uses, which are formalized in a “framework” developed by the issuer.
Career Impact Bonds are a subcategory of social impact bonds in which people who face barriers to education and employment (such as low income, a criminal background, and immigration status) receive access to industry-recognized career training.
In 2015, world leaders representing the 193 United Nations Member States created and agreed to a list of 17 Sustainable Development Goals (SDGs) and aimed to achieve them by 2030. The chief aims of the SDGs are to end poverty, ensure prosperity, and protect the planet, all on a global scale.
With the dramatic increase of attention around ESG and similar investing approaches, more and more products are becoming available to those seeking financial returns, as well as social or environmental outcomes. Although the vast majority of these products are equity-based (stocks and mutual funds), there is an increasing number of investors looking for equally impactful investments in fixed income. For most, Community Investment Notes may be the answer.
Seniors retiring into the COVID-19 economy are finding newfound appreciation for their monthly Social Security checks. The program that provides direct monthly payments to retirees is probably the most popular and successful government program in American history.