IFC, a member of the World Bank Group, and HSBC Asset Management are to establish a fund vehicle targeting corporate bond issuers in emerging markets that aims to increase access to finance and support sustainable growth.

Key areas such as sustainable technologies and social impact will benefit. While emerging market countries comprise more than 80 per cent of the world’s population, they capture a much smaller share of global financing. Significant investment is needed to advance and accelerate their transition to a sustainable future.

The fund will support the existing HSBC Global Emerging Market Corporate Sustainable Bond Strategy and invest in publicly listed bonds issued by corporate and financial institutions in emerging markets. It will be classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR)—its highest level of classification in terms of sustainability.

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