Issuance of green and social (or "impact") bonds more than doubled in 2021 but demand is still outstripping supply says George Bishay, portfolio manager with Pendal’s Income and Fixed Interest team.

Impact bonds provide a financial return as well as a positive impact on the environment or society. 

“If you are able to get hold of them, they perform very well in the secondary market because everyone wants them,” Bishay says. “They outperform vanilla bonds due to this huge demand.”

“It’s a really powerful way to deploy capital. The only real negative is the concept of greenwashing – where an issuer comes to market and talks up their credentials only to fall short from an ESG perspective,” Bishay says.

Find out more about George's impact and sustainable funds:

Regnan Credit Impact Trust

Pendal Sustainable Australian Fixed Interest Fund

Issuance of green and social (or "impact") bonds more than doubled in 2021 but demand is still outstripping supply says George Bishay, portfolio manager with Pendal&rsquo;s Income and Fixed Interest team.
Impact bonds provide a financial return as well as a positive impact on the environment or society.&nbsp;
&ldquo;If you are able to get hold of them, they perform very well in the secondary market because everyone wants them,&rdquo; Bishay says. &ldquo;They outperform vanilla bonds due to this huge demand.&rdquo;
&ldquo;It&rsquo;s a really powerful way to deploy capital. The only real negative is the concept of greenwashing &ndash; where an issuer comes to market and talks up their credentials only to fall short from an ESG perspective,&rdquo; Bishay says.
Find out more about George's impact and sustainable funds:
<a href="https://www.pendalgroup.com/regnan-credit-impact-trust/">Regnan Credit Impact Trust</a>
<a href="https://www.pendalgroup.com/pendal-sustainable-australian-fixed-interest-fund/">Pendal Sustainable Australian Fixed Interest Fund</a>

Perpetual Group is an international asset manager including boutiques such as Perpetual, Pendal, Barrow Hanley, Regnan and Trillium. Each week our portfolio managers share the most interesting things they've heard from CEOs, industry leaders and analysts.

Perpetual Group is an international asset manager including boutiques such as Perpetual, Pendal, Barrow Hanley, Regnan and Trillium. Each week our portfolio managers share the most interesting things they've heard from CEOs, industry leaders and analysts.

Advertisement