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Austrian government issues ESG bonds (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The Austrian Treasury started issuing bonds to raise money for the nation’s environmental infrastructure. The government doesn’t charge extra fees on the bonds and fully guarantees deposits above the European Union’s €100,000 limit:
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Austrian debt pioneers say they’ve forged novel new instruments designed to appeal to environmentally-conscious retail investors who want to avoid complicated financial products and commissions. The Austrian Treasury is offering two retail debt products with a green label as part of an initiative to channel household saving directly into the federal budget. Funds will help finance renewable energy generation, electric-vehicle charging points and Austria’s power grid. Households can buy so-called Bundesschaetze notes from Monday, choosing among maturities ranging from one month to a decade. The government doesn’t charge fees and offers a full guarantee in excess of the European Union’s traditional €100,000 ($107,000) cap on deposits. … Austria is the latest government to offer their citizens a way to invest directly toward their nation’s climate plans. The UK started selling retail green bonds in 2021 with Hong Kong following in 2022.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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