Credit Suisse and the Climate Bonds Initiative (CBI) have announced a plan to promote a ‘Sustainable Transition Bond’ market.
Credit Suisse says the partnership intends to build on the EU work on a sustainable taxonomy, as well as other emerging green market standards and the UN Sustainable Development Goals. It will undertake the initial groundwork, conceptualization and broad market engagement to develop options for a Sustainable Transition Bond market that can support key industry transition pathways. The aim is to accommodate prospective issuers and investors whose strategic objective is to transition towards low carbon and sustainable business models.