New benchmarks for bonds financing initiatives with environmental and social advantages
NEW YORK, Oct 31, 2022 /PRNewswire/ — Bloomberg right now introduced the launch of the Bloomberg World Combination Inexperienced, Social, Sustainability Bond Indices, additional rising its providing of main mounted revenue ESG indices. The indices use the flagship Bloomberg World Combination Index, the Bloomberg Sustainable Finance Group’s inexperienced, social and sustainability bond indicators, and fields that present alignment with the Worldwide Capital Market Affiliation Inexperienced Bond, Social Bond and Sustainability Bond Ideas and Pointers.
By launching the indices with datasets from Bloomberg’s multi-award successful ESG information crew, Bloomberg Terminal shoppers will even profit from transparency into underlying bond documentation equivalent to use of proceeds allocation to the eligible undertaking classes and subcategories, in addition to alignment to the United Nations Sustainable Improvement Objectives, providing extra seamless integration throughout portfolio administration workflows, together with for efficiency and attribution. A newly launched “Sustainable Index Eligibility Indicator” subject permits Bloomberg Terminal shoppers to research these securities that are presently included within the index, in addition to these dealing with potential exclusion.
The universe of eligible devices, ranging throughout Corporates, sovereign, supranational and company bonds (SSAs), Municipals and Structured Merchandise, are individually researched and maintained by a devoted Bloomberg mounted revenue and ESG information crew to make sure securities are reviewed and appropriately tagged in an expeditious method, utilizing Bloomberg’s in depth information gathering and processing applied sciences. All securities are additional reviewed to make sure ongoing reporting is confirmed via the submitting of affect and allocation reviews by the issuer. This course of ends in a strong universe of eligible sustainable securities for inclusion within the index.
Jonathan GardenerSustainable Indices Product Supervisor, Bloomberg Indicesstated, “We endeavor to seize each brief and long-term market developments with our sustainable index choices and sustainable debt is swiftly rising, with world sustainable debt issuance surpassing $1 trillion 12 months so far, based on information compiled by BloombergNEF. Constructing off Bloomberg’s flagship World Combination index, our new World Combination Inexperienced, Social & Sustainability Bond Indices incorporate the analysis of Bloomberg’s ESG and glued revenue information groups to ship a various set of indices to fulfill the numerous wants of the funding neighborhood exploring this rising market .”
The indices are actually accessible for benchmarking, asset allocation and product creation functions. The indices will be additional custom-made to fulfill particular particular person investor wants utilizing extra fields equivalent to particular exclusions, regulatory “conscious” fields, equivalent to SFDR and EU Taxonomy inputs, and even sector particular weightings, amongst others.
The Bloomberg World Combination Inexperienced, Social, Sustainability Bond Indices comprise 24 new indices together with, however not restricted to:
- Bloomberg World Combination Inexperienced Social Sustainability Bond Index (ticker: I37363US)
- Bloomberg World Combination Inexperienced Bond Index (ticker: I37364US)
- Bloomberg World Combination Social Bond Index (ticker: I37365US)
- Bloomberg World Combination Sustainability Bond Index (ticker: I37356US)
- Bloomberg Combination EUR Inexperienced Social Sustainability Bond Index (ticker: I37358EU)
- Bloomberg Combination USD Inexperienced Social Sustainability Bond Index (ticker: I37375US)
Bloomberg ESG & Local weather Indices assist traders deal with sustainable finance initiatives throughout asset lessons. Just lately, Bloomberg launched the Bloomberg US Municipal Affect Index to trace Inexperienced, Social, and Sustainability Municipal Bonds, and the Bloomberg Local weather Indices together with EU Paris-Aligned Benchmarks.
Bloomberg shoppers can entry the accessible indices on the Bloomberg Terminal and all analysis and methodology for the indices is on the market at Bloombergindices.com. Bloomberg offers an unbiased, clear strategy to indexing for patrons throughout the globe. To study extra about Bloomberg’s Sustainable Finance Options, go to Bloomberg ESG.
About Bloomberg Index Companies Restricted
Bloomberg’s index crew has a confirmed monitor document in creating trade main and bespoke indices throughout asset lessons, together with greatest at school mounted revenue and commodity indices. Bloomberg Index Companies Restricted (BISL) takes an progressive strategy to delivering strategic benchmarks that assist market individuals deal with their evolving wants. As an integral a part of Bloomberg, BISL has entry to a complete vary of trusted information and dependable expertise for calculations, analytics and workflow automation, together with distribution capabilities that may assist amplify the visibility of our prospects’ merchandise.
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