ESG playbook for bond investors needs a rewrite

It will take an evolution of fixed-income managers’ approach to make a difference to corporate behaviour.

Not to be left out of the ESG gold rush, a growing number of bond firms now offer environmental, social and governance funds. ESG integration has become a standard box to be checked (or not) on bond clients’ Requests for Proposals. Investment banks have created tools to help fixed income managers ESG-ify their portfolios.