AUSTIN, Texas, Aug. 21, 2024 /PRNewswire/ — ChartPath, a leading provider of EHR solutions for long-term and post-acute care (LTPAC) practices, today announced the official launch of the ChartPath Automation Marketplace, a new offering poised to transform the way healthcare providers in…
Month: August 2024
Great Lakes Campus, located in Farmington Hills, reflects the company’s proud history and bold vision for the future while furthering its commitment to Southeast Michigan DETROIT, Aug. 21, 2024 /PRNewswire/ — Comerica Bank held a ribbon-cutting ceremony on Tuesday, Aug. 20, to celebrate…
JERUSALEM, Aug. 21, 2024 /PRNewswire/ — Scinai Immunotherapeutics Ltd. (Nasdaq: SCNI; “Scinai”, or the “Company”), a biopharmaceutical company focused on developing inflammation and immunology (I&I) biological products and on providing CDMO services through its Scinai Bioservices…
ESG-Labeled Bond Issuance Has Declined, but Quality Has Improved
After a rapid ascent, issuance of ESG-labeled bonds has fallen back recently, even as we’ve observed that the overall quality of the market has improved (Display). That’s an intriguing combination—with an explanation.
We’ve analyzed over 11,000 ESG-labeled bonds, comparing each bond’s stated intentions at the time of issue with actual performance 12 months later (for example, how the bond’s proceeds were allocated across different projects, and the ESG impact of those projects).
Using three criteria—disclosure, plus ambition of and credibility versus targets—and employing more than 20 underlying factors with different weightings, we calculated a quality (or strength) score for each bond, enabling us to compare them across issuers, universes and vintage years.
The surge in strength scores aligns with our experience: weaker issues are coming to market less frequently, so the overall quality of the new-issue market is rising and greenwashing seems less of an issue. We also believe that much of the improved strength is a result of diligent active investors guiding issuers to develop stronger ESG-labeled bond structures.
Our own engagements* offer examples. A global utility company issued sustainability-linked bonds (SLBs) with ambitious targets, which it missed. Our discussions with management revealed the reasons were both temporary and outside their control. We commended their ambition and supported further SLB issuance. Also, a European consumer company’s SLB targeted substantial scope 3 emissions reductions—even though many peers only disclose scopes 1 and 2.
*AB engages companies where it believes the engagement is in the best interest of its clients.
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to change over time.
Learn more about AB’s approach to responsibility here.
The fund has provided emergency assistance to six partner organizations throughout the Southeast NEW YORK, Aug. 21, 2024 /PRNewswire/ — The Bob Woodruff Foundation (BWF) has activated its Natural Disaster Fund, established with support from Craig Newmark Philanthropies, to provide…
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The maternal health start-up provides expert support for growing families through proactive care from pre-conception through early parenthood. CHICAGO, Aug. 21, 2024 /PRNewswire/ — Partum Health, the Chicago-based maternal health startup that offers direct-to-consumer interdisciplinary…
NEW ORLEANS, Aug. 21, 2024 /PRNewswire/ — Infinite Health Integrative Medicine Center is leading the evolution of regenerative medicine with its cutting-edge mesenchymal signaling cell (MSC) therapy (aka stem cell therapy). This therapy offers patients a revolutionary approach to healing…