The role of the bond market in financing the low carbon transition

Thursday 09 June 2022 | 17:00 - 18:00 | Webinar

This event is the final event in the climate investing series, jointly organised by Climate Bonds Initiative and CFA UK 

According to a recent report from McKinsey, we'll need about $9 trillion a year for our economies to transition to low carbon by 2050 from about $6 trillion today. How are we going to fund that financing gap? Is the recent growth of sustainability-linked bond instruments or other thematic bond instruments of any help?

Sustainability-linked bonds have grown significantly, though from a low base, since the beginning of the year. In Q1 2022, about $21 billion has been issued compared to $11bn in the same period last year. Interestingly most of the issuance volume has come from some of the hard to abate sectors like utilities and industrials sectors, which are responsible for 40% and 29% of GHG emissions.

In this panel, we will be discussing the following topics:

  • A brief overview of thematic bond instruments (from green bonds to sustainability-linked bonds)
  • The role of the bond market to fund the transition to a net-zero carbon economy
  • What to look for when companies are announcing net-zero transition plans

Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.

Timings

Registration: 16:55

Event: 17:00 - 18:00

CPD Points: 1.00

Speakers

Nazmeera Moola, Chief Sustainability Officer, Ninety One

Nazmeera is Chief Sustainability Officer at Ninety One. In this role, she oversees Ninety One’s firm-wide initiatives, including investment integration, the development of sustainable strategies and their advocacy work.  Prior to this she was Head of SA Investments, where she worked across their public and private strategies in Africa.  Before that she was co-Head of SA & Africa fixed income. 

Nazmeera has covered the macro-economy in South Africa and other emerging markets since 2000. She is passionate about making financial markets work to support development. 

John Ploeg, CFA, Principle and Co-Head of ESG Research, PGIM Fixed Income

John is a Principle and Co-Head of ESG Research for PGIM Fixed Income. John is responsible for the strategic integration of ESG research across all elements of the firm, including investment decision-making, and internal and external education and engagement. He also serves as a member of the ESG Policy and ESG Ratings Sub-Committees.

Prior to joining the ESG team, John graduated summa cum laude from Sciences Po’s Paris School of International Affairs, where he received a masters in environmental policy. Previously, John was head of the firm’s European CLO product management team, where he was responsible for all business aspects of the firm’s European CLO platform.

John received a dual BA degree in computer science and economics from Brown University in 2007, and holds the Chartered Financial Analyst (CFA) designation.

Fabrizio Palmucci, Senior Advisor, Climate Bonds Initiative

Fabrizio Palmucci, CFA is a Senior Advisor at the Climate Bonds Initiative. Fabrizio is focused on mobilising capital towards companies and projects that feature credible, Paris-aligned, transition plans and projects.

Fabrizio works with issuers, originating banks as well as investors to reduce market friction and improve risk differentiation for transition and green investments. He has spent close to 20 years in the fixed-income buy-side space in different roles, trading, credit analysis and strategy and with several firms from boutique to tier one assets managers and rating agencies.

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