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Reserve management and sustainability: the case for green bonds? (BIS, 23-page read) BIS study finds sustainability objectives can be integrated into reserve management frameworks. Including green bonds within foreign exchange reserves, they found it improved reserves risk profile without sacrificing the return (due to diversification benefits).
Sustainable’ funds a safer harbor in coronavirus market meltdown (Financial Post, 2 min read) Investors who were overweight ESG performed better than their non-ESG peers. In cases, the top 50 most overweighed stocks by ESG funds had outperformed the most underweighted by more than 10%. Some of this outperformance is due to the aversion of sectors that score less on ESG metrics including airline and oil stocks.