World Bank Group member the International Finance Corporation (IFC) and HSBC Asset Management (HSBC AM) have partnered to set up a specialised fund targeting corporate bond issuers in emerging markets (EMs). Aligned with Article 9 of the Sustainable Finance Disclosure Regulation, the fund will support the existing HSBC Global Emerging Market Corporate Sustainable Bond Strategy, investing in publicly listed bonds issued by corporate and financial institutions in EMs. The partnership between the IFC and HSBC AM will aim to increase sustainable growth and impact in EMs by investing in key areas including sustainable technologies and social impact. It will leverage the IFC’s extensive EM investments experience – deployed across more than 100 countries – to help mobilise backing from institutional investors. In the 2024 fiscal year, the IFC committed US$56 billion to private companies and financial institutions in developing countries. “By aligning with SFDR Article 9, which places a strong emphasis on issuer-level sustainability and transparency beyond just an issuance’s use-of-proceeds, the HSBC corporate bond strategy will support the growth of sustainable businesses and accelerate their green transition,” said Mohamed Gouled, Vice President of Industries at the IFC. “The IFC’s investment is expected to mobilise additional institutional investors and increase the pool of capital dedicated to sustainability-related transactions in EMs.”
IFC and @HSBC launch a new strategy to drive sustainable growth and impact in emerging markets by investing in key areas such as sustainable technologies and social impact. Read more here: https://t.co/dq7D0Bb7Gx #LivablePlanet pic.twitter.com/qvwWK7FLPx
— IFC (@IFC_org) October 2, 2024
