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Bloomberg launches climate tilted bond indices for eco-conscious investors

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Fintech Global or enjoy below:

🗞️ Driving the news: Bloomberg has introduced the Bloomberg Government Climate Tilted Bond Indices, a series of benchmarks aimed at government bond investors eager to support the transition to a low-carbon economy
• These indices focus on countries that align their financial strategies with climate transition goals, underlining Bloomberg's role in sustainable finance innovation

🔭 The context: The creation of these indices responds to increasing investor demand for financial products that yield returns while contributing to environmental sustainability
• By leveraging its expertise in financial data and analysis, Bloomberg now offers a tool that evaluates countries based on their readiness for a low-carbon future, utilizing indicators such as carbon transition, power sector changes, and climate policy

🌍 Why it matters for the planet: Bloomberg's move exemplifies how financial markets are adapting to climate change, providing investors with options that encourage a shift towards a more sustainable global economy
• These indices allow investors to channel funds into nations that are leading the way in climate transition, potentially accelerating global efforts to reduce carbon emissions

⏭️ What's next: The suite, comprising 14 indices, offers a broad spectrum of geographical and currency options for investors, facilitating asset allocation and product creation in line with climate-focused investment strategies
• Bloomberg’s flexible approach, including the provision for custom indices, sets a precedent for future financial instruments that cater to specific climate goals

💬 One quote: "The newly launched Bloomberg Government Climate Tilted Bond Indices...are designed to consider not only a country’s progress against its climate ambitions but also forward-looking measures of outlook, including investment in renewable energy capacity," (Chris Hackel, head of Sustainable Indices at Bloomberg Index Services Limited)

📈 One stat: No specific stats provided

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