| Description |
Green bonds, innovative financial instruments that have entered the bond market in recent years, have sparked a revolution for activists, investors, and issuers with their use of proceeds model. I examine corporate green bonds through historical research, investigation of the certification process, and empirical analysis of pollution and ESG data. My research concludes that green bonds do influence pollution released and ESG scores for participating companies, and that ultimately, the growth, impact, and success of green bonds is sustainable. Green bonds have experienced rapid progress in their short lifetime, and due to the robust market certification process, ambitious market standards, and commitment to green projects, these bonds will continue to experience noteworthy acceleration in the market that will inspire similar socially-conscious labeled bonds to succeed in the future. |
