Session XI

Sustainability-linked products and instruments
Examination Schools - East School
Session Time:

Maher Al-Haffar

CFO at Cemex & Founding member of the UN Global Compact CFO Coalition for the SDGs

Farnam Bidgoli

Global Head of ESG Solutions

Madeleine Jenkins


José Luis Reséndiz

Oxford Sustainable Finance Group
PhD Candidate

Robert Sawbridge

Insight Investments
Head of Responsible Investment

Session Detail:

Sustainability-linked loans and bonds can effectively promote credible transitions by borrowers and issuers. Their main innovation lies in the way they tie the cost of capital with sustainability performance. As a new financial instrument, they face multiple challenges and risks. A few examples include the comparability, relevance and ambition of metrics, as well as the materiality of penalties and discounts in the cost of capital. This session will provide an overview of the challenges and opportunities arising in the sustainability-linked debt markets and how to build a robust framework for selecting key performance indicators while ensuring a credible corporate transition.