This paper proposes a new relative evaluation and benchmarking framework for performance linked financing instruments. It argues that the carrots and sticks of sustainability-linked bonds should not use key performance indicators which are solely tied to outcomes. Instead, they should be based on its issuer’s level of performance with respect to a target. The paper defines performance as the part of the outcome that the issuer can influence. Otherwise...
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INFORMATION
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2023/09/04
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Document de travail de recherche sur les politiques
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WPS10558
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1
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2023/09/04
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Disclosed
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Could Sustainability-Linked Bonds Incentivize Lower Deforestation in Brazil’s Legal Amazon ?