Publications

Great Expectations. Credibility and Additionality of Green Bonds

Art.-No.: 2018-40

Year of publication: 2018

Scientists‘ warnings that the impacts of climate change will be a disaster are becoming more and more urgent. The calculations for the volume of capital that will be needed to change course towards a more socially and environmentally sustainable way of doing business are on the table. There is agreement that this capital will mainly need to come from private investors. Green bonds are a beacon of hope. The demand for these bonds, which are used to finance sustainable projects, far exceeds the supply. However, are these green bonds really as green as they maintain they are and do they really produce additional funding for sustainable pro­jects? This study looks at both these questions and de­velops a proposal for a way to increase the impact of green bonds.

(Antje Schneeweiß, 48 Pages)

Green Bonds Project List

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Green bonds – What is inside the black box with the green label? Green bonds – a new way to finance environmental protection and development?

Art.-No.: 2016-18

Year of publication: 2016

The financing instrument of green bonds presented in this study could be an in-novative instrument for channelling private investment into sustainable projects. The question still to be answered is whether green bonds as they now stand can do the job.

(Antje Schneeweiß, 46 Pages)

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Closing the Information Gap

Art.-No.: 2008-06

Year of publication: 2008

Socially responsible investing (SRI) has been very successful over the last decade in many countries. In German speaking countries SRI started at the beginning of the nineties with very modest growth rates and turned into a recognised part of the financial industry with double digit growth rates from 2002 onwards.

While the SRI financial industry is busy to make a profitable business and to cope with its enormous growth rates. SÜDWIND persists in asking: “What social and ecological changes does SRI bring about?” As an institute working on development issues, we concentrate this question on the wellbeing of disadvantaged people in developing and emerging countries. Here we ask: “What beneficial effects does SRI have for these people?”

(Antje Schneeweiß, 26 Pages)

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Investing in Human Development. A guideline for taking development aspects into account when making socially responsible investments

Art.-No.: 2005-12

Year of publication: 2005

Private savers and institutional investors are increasingly asking nowadays about the social and ecological impacts of their investments. Replies to these questions can be found in studies into the environmental and social compatibility of listed companies and bond issues conducted by sustainability rating agencies.From the middle of the 1990s onwards socialand development aspects began to play a more significant role in ethical investment in the FederalRepublic of Germany. The agencies developed appropriate methods of analysis. However, even today it is not possible to investigate the social and development impacts of corporate behaviour with the same degree of reliability as ecological matters. Moreover, there is a lack of examples to show that companies have changed their behaviour as a result of pressure from socially responsible investors.

Given this situation, SÜDWIND undertook to investigate in its project »Investing in Human Development« the criteria and research methods that have been developed within the framework of sustainable investment to look at development factors, how they need to be developed further and how they can ultimately serve to get companies to behave in ways that have a positive impact for the people and economies in developing countries and emerging economies.

(Antje Schneeweiß, 44 Pages)

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