A guide to understanding one of the hottest trends in municipal finance.
Read the full article at: citiscope.org
Investors are on the lookout for “green investments” in bonds and other financial instruments. The implications for all who rely on investors for financing are readily apparent.
“Johannesburg Mayor Mpho Parks Tau agrees that mobilizing around green bonds has paid organizational dividends. Asked recently if labeling bonds ‘green’ is mostly about marketing, the mayor responded that the exercise has been useful for aligning local government as an institution around his environmental agenda. ‘We are able to say to the institution, actually, the bulk of our capital program is going to be about sustainability.’ ”
Perhaps it is time for businesses to reap organizational dividends…