Investors interested in sustainable bonds can now use the Nasdaq Sustainable Bond Network, a global, publicly available web-based platform where issuers publish key information and data about their bonds.
The network also provides a standard framework for impact reporting.
The Nasdaq Sustainable Bond Network is being launched with bond data from a select number of European and U.S. issuers, while a global advisory board will help it expand. Board members include public and private investors, organizations and issuers such as Allianz Global Investors, The Nordic Investment Bank and Climate Bonds Initiative.
Since Nasdaq Nordic launched one of the earliest sustainable bond markets in 2015, the market has grown dramatically, reaching $117 billion in the first quarter of 2019, a 47% increase year-to-year and Nasdaq officials expect the trend to continue. Nasdaq is the only stock exchange operator on the Dow Jones Sustainability North America index.
"As portfolio managers look to keep pace with investor demand, the launch of our Sustainable Bond Network will help our clients evolve their sustainable investing strategies," said Nasdaq President of European Markets Bjorn Sibbern in a statement.