A year ago, talk was how countries around the world were taking their first tentative steps out of the economic turmoil wrought by the Covid-19 pandemic. Visions for the future were brightening, with growth expected around the globe and optimism slowly replacing the pessimism that had previously pervaded. Events, however, rarely take stock of expectations.
Financing companies’ transitions to net-zero emissions is challenging. The unique flexibility of sustainability-linked bonds (SLBs) may be a key to achieving their green goals.