Brief

Integrating Gender in Sustainability-Linked Bonds: Innovations in multi-KPI sustainability-linked structures

By David Uzsoki, Safa Rahim on October 1, 2021

This brief reviews many of the existing multiple key performance indicator (multi-KPI) debt structures, focusing on how issuers have defined the trigger events in their respective frameworks. As there have only been a limited number of multi-KPI sustainability-linked bonds (SLBs) issued to date, we have also looked at multi-KPI sustainability-linked loans. The brief covers a few examples in more detail to demonstrate the diverse approaches taken by issuers. Based on this assessment, the article also offers recommendations to issuers on how to design trigger conditions, especially in the context of gender-smart SLBs.

Brief details