ESG debt investors face confusion over trigger event for payment
Investors in a controversial corner of the ESG debt market are facing a new layer of uncertainty thanks to a gray area of carbon accounting.
By Greg Ritchie / Bloomberg
The Anthropocene Fixed Income Institute, a nonprofit monitoring green claims in fixed-income markets, says it’s found evidence suggesting “creative emissions accounting” helped chemicals company Nobian Finance BV meet a key performance indicator (KPI) that determines the size of its interest payments. Nobian said its approach is transparent, has been approved by an auditor and is based on external guidance.
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