Mobilising bonds for the just transition: an exploratory assessment methodology of thematic sovereign bonds

Antonina Scheer, Judith Tyson, Sasha Plyska, Zuzanna Charkowska and Valeria Dagnino Contreras

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This report presents a novel methodology to assess the presence of just transition elements in green, social, sustainability and sustainability-linked (GSS+) bond frameworks. This methodology demonstrates how GSS+ bonds can be leveraged for the just transition, which can inform both issuers’ bond design and investor decision-making. The authors classify certain GSS+ bond framework characteristics – eligible expenditures, performance targets and post-issuance reporting – as just transition-related where activities cover both climate change mitigation and one of the following social themes: education, employment or equality. Where there is a causal link between the mitigation and social activities in question, the expenditure, target or reporting is considered just transition-focused. Using this methodology, they assess nearly all existing sovereign GSS+ bond frameworks, amounting to 68 in total, finding moderate evidence that just transition elements are present.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2025-04-29
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:128998

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