Why investors need carbon rankings more than green bonds

Fears about climate change have helped propel environmental, social and governance (ESG) considerations across the world’s investment industry, but most of the progress remains focused on public equities. In the global bond market, it is a much more nascent conversation. Most of the attention on the bond side has ended up focusing on green bonds, or debt issues which are used by borrowers to fund individual projects deemed to offer environmental benefits, in line with the Green Bo…