Spotlight on ESG: Evaluating social factors in fixed income investing
Social bonds are financial instruments issued to raise funds specifically for projects that have a positive social impact. The concept is similar to that of green bonds (which are used to fund environmentally beneficial projects) but social bonds focus on addressing social issues such as poverty, education, healthcare, affordable housing, and job creation.
On the latest Spotlight on ESG webinar, Johnathan Owen (Portfolio Management) from our investment grade team discussed social bonds in more detail and TwentyFour's approach to considering social factors in the companies that we invest in.