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.
Reeta Paakkinen
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.
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