Industry Updates

Bloomberg expands global aggregate green bond index range

The 24-stong range will track social and sustainability bonds

Theo Andrew

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Bloomberg has launched a global aggregate green, social and sustainability bond index range leveraging the firm’s flagship Bloomberg Global Aggregate index.

The 24-strong range will also utilise Bloomberg’s Sustainable Finance Group’s social and sustainability bond indicators and range across corporates, sovereign, supranational and agency bonds, municipals and structured products.

The indices will be aligned with the International Capital Market Association Green Bond, Social Bond and Sustainability Principles and Guidelines and will be overseen by Bloomberg’s fixed income and data team.

The indices include:

  • Bloomberg Global Aggregate Green Social Sustainability Bond index

  • Bloomberg Global Aggregate Green Bond index

  • Bloomberg Global Aggregate Social Bond index

  • Bloomberg Global Aggregate Sustainability Bond index

  • Bloomberg Aggregate EUR Green Social Sustainability Bond index

  • Bloomberg Aggregate USD Green Social Sustainability Bond index

The indices can be customised to meet investors’ needs, including specific exclusions and regulatory fields including the Sustainable Financial Disclosure Regime (SFDR) and the EU taxonomy inputs, the firm said.

Jonathan Gardiner, sustainable indices product manager at Bloomberg, said: “We endeavour to capture both short and long-term market trends with our sustainable index offerings and sustainable debt is swiftly growing, with global sustainable debt issuance surpassing $1trn year to date, according to data compiled by BloombergNEF.”

According to Bloomberg, clients will be able to view the underlying bond documentation, including alignment to the United Nations Sustainability Development Goals.

Last December, the index provider launched the Bloomberg US Municipal Impact index tracking green, social and sustainable municipal bonds.

In April, MSCI and Bloomberg partnered to launch a suite of fixed income indices designed to meet the minimum standards of the European Union’s Paris-Aligned Benchmark.

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