Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- 37 Disclosure Regulation and Sustainability
- 38 Sustainability Reporting in Africa
- 39 Global Supply Chains and Sustainability
- 40 Aligning Social Investing with Nature’s Timescales
- 41 Shareholder Stewardship
- 42 Green Bonds and Beyond
- 43 Conflicts and Coalitions
- 44 Gender as a Catalyst for Corporate Reform
- 45 Amenable Controls
- 46 Social Enterprise Law
- 47 Certifying ‘Good’ Companies
- 48 The Cooperative as a Platform for Sustainable Business Operations
- 49 Realising the Potential of the Board for Corporate Sustainability
- Conclusion
- Index
42 - Green Bonds and Beyond
Debt Financing as a Sustainability Driver
from Part IV - Potential Drivers for Change
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- 37 Disclosure Regulation and Sustainability
- 38 Sustainability Reporting in Africa
- 39 Global Supply Chains and Sustainability
- 40 Aligning Social Investing with Nature’s Timescales
- 41 Shareholder Stewardship
- 42 Green Bonds and Beyond
- 43 Conflicts and Coalitions
- 44 Gender as a Catalyst for Corporate Reform
- 45 Amenable Controls
- 46 Social Enterprise Law
- 47 Certifying ‘Good’ Companies
- 48 The Cooperative as a Platform for Sustainable Business Operations
- 49 Realising the Potential of the Board for Corporate Sustainability
- Conclusion
- Index
Summary
This chapter addresses debt-based investing as a driver for global sustainability. Loans, bonds, and other forms of debt constitute a substantial proportion of the capital that corporations use to finance their operations and offer a distinct set of legal tools to influence corporate conduct. Drawing on corporate law and financial regulation scholarship, this chapter explores the regulatory and corporate governance issues arising from green bonds. Green bonds, along with social bonds and sustainability bonds, enable issuers to use the proceeds from their sale to finance projects, assets, or business activities with environmental, social, or economic objectives. This chapter examines the private standards, certification schemes, indices, and assurance practices and government-based regulatory frameworks in the green bond market. To prevent greenwashing and ensure the continued growth of this market, this chapter proposes reforms to corporate governance practices to enhance the monitoring and control powers of green bond investors.
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- Chapter
- Information
- Publisher: Cambridge University PressPrint publication year: 2019
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