Industry jargon for an investment that leads to a positive impact on people and environment. These bonds are utilized by governments by signing contracts with investment banks and foundations. Then these bonds leverage capital from investors and expertise from service providers to do everything from improving the water supply to funding job growth for women.
See also:
- Why It’s So Hard to Be an ‘Ethical’ Investor, Jon Sindreu and Sarah Kent, Wall Street Journal, 9/1/18