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Cultural difference challenges work on global green bond standard

Drafting a global standard for green bonds is far from being a straightforward task, as Nordic, Asian and US experts all have their own views on what a sustainable investment is, says Jyri Suonpää, Ålandbanken's head of fixed income. Suonpää is part of ISO's group of experts aiming to launch the new standards in 2021.

Jyri Suonpää became head of fixed income at Sweden-based Ålandsbanken in July 2014. | Photo: PR

Trying to find common ground on what constitutes a green bond is quite an exercise for a working group consisting of specialists with varying cultural backgrounds, says Ålandbanken's head of fixed income Jyri Suonpää.

Suonpää has since 2018 participated, as an expert, in the work of the International Standards Organization (ISO) which aims to set global standards on what constitutes a green bond.

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