All financial markets experience periods of imbalance. An extreme mismatch between demand and supply, particularly when the former far exceeds the latter, can be very dangerous indeed – setting up distorted incentives for issuance, as the sub-prime mortgage market dramatically demonstrated in 2007.
Goldman Sachs has been at the forefront of the design and issuance of innovative green, social and sustainable bonds, raising financing to benefit everything from critical infrastructure projects to initiatives that fuel commercial activity in local economies.
This is the year impact investing gets real. Really. That’s the thread connecting a half-dozen or so forecasts from Equilibrium Capital’s Dave Chen, who returned to ImpactAlpha’s Returns on Investment podcast for a New Year’s check-in on the progress of the “institutional shift” in impact investing.