HSBC Asset Management has set up a bond fund investing in Asian companies deemed as following good ESG practices, with a focus on carbon intensity reduction.
The HSBC GIF Asia ESG Bond Fund will also invest in sustainable bonds such as green bonds, sustainability-linked bonds, transition bonds and social bonds in Asia. A negative screening process with seek to exclude low ESG sectors such as weapons, coal, gambling and tobacco, as well as any other issues seen as breaching the UN Global Compact Principles. Green bond guidelines most widely adopted sustainable finance tool in 'myriad' of ESG rules The Asian bond fund is classified as Article 8 under the EU's Sustainable Finance Disclosure Regulation, a category that has raised some conce...
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