| Titre : |
Are investors ready to trade profitability for environmental benefits? An analysis of the premium on green bonds |
| Type de document : |
Mémoire |
| Auteurs : |
Henry MILLER, Auteur |
| Année de publication : |
2022 |
| Importance : |
71 p. |
| Note générale : |
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| Langues : |
Anglais (eng) |
| Mots-clés : |
Management
DEVELOPPEMENT DURABLE ; ECOLOGIE ; FINANCE VERTE
|
| Résumé : |
Environmental concerns have never been as serious as they are today, and whilst political and individual awareness is growing, we are still set to breach the 1.5°C limit from the Paris agreement in the next 5 years. Cleaner energy is required for our future. Accelerated by the geopolitical circumstances that are Russia’s invasion of Ukraine, an energy transition is underway, and at the forefront of the effort, we find the financial instrument that is green bonds. Whilst hotly debated in the academic sector, green bonds offer a way for companies and institutions to issue debt at a slight premium. This thesis aims to analyse the validity of the so called “greenium”, the end question being if investors are willing to forgo financial profitability for environmental benefits. The data gathered is based on combining numerous academic works in order to understand and dissect the greenium. This paper intends to present different opportunities for investors when investing in green bonds. Through this work, we find that the greenium can be separated in key factors such as reputation, the signalling effects as well as labels that impact the green bond’s valuation. Honesty, or the very least a company’s/institution’s image is therefore required and companies running greenwashing campaigns may run the risk of finding insufficient capital in this market. |
| Programme : |
MS Analyse Financière Internationale (ft)- Reims |
| Permalink : |
https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=564575 |
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Are investors ready to trade profitability for environmental benefits? An analysis of the premium on green bonds / 2022 
