NN IP Expands Impact Range with New Social Bond Fund

Netherlands-based asset manager NN Investment Partners (NN IP) announced today the launch of the NN (L) SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Bond fund, expanding the firm’s impact bond offerings with a fund focused on investments in socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and sustainability bonds that allocate proceeds to socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. projects with clear socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. benefits to specific target populations.

SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bonds have been one of the fastest growing segments of the sustainable finance market over the past few years as investors’ sustainable investment goals expand from a primarily environmentalEnvironmental criteria consider how a company performs as a steward of nature. focus to also encompass socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. impact. Projects funded by socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bonds can positively contribute to ten of the UN Sustainable Development Goals (SDGs), ranging from poverty reduction, hunger and gender inequality to boosting good-quality education and work.

Bram Bos, Lead Portfolio Manager Green, SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and Impact Bonds, NN Investment Partners, added:

“SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bond issuance picked up in 2020 and 2021, especially in financing socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. projects that focus on dealing with the long-term effects of the pandemic. During this time, the socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bond market caught up with other impact bonds and now has a capitalization of more than EUR 400 billion, offering investment opportunities for a well-diversified socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bond portfolio. In 2022, we expect an issuance of EUR 250 billion.”

The new fund mainly invests in high-quality global socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bonds and money market instruments, but it can also include sustainability bonds that allocate at least half of the proceeds to socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. projects. It focuses on investments that support affordable basic infrastructure, including water and sanitation, access to essential services in education and health, affordable housing, employment, food security, and socioeconomic advancement and empowerment.

According to NN IP, the new launch complements the company’s existing range of impact bond funds and applies a similar disciplined investment process as its flagship green bond strategies.

Roel van Broekhuizen, Portfolio Manager Green, SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and Impact Bonds, NN Investment Partners, said:

“All investments will be subject to a detailed issuer-level ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. screening and a rigorous socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. bond assessment which covers the use of proceeds, project evaluation, management of proceeds, and the reporting of the estimated socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. impact. Furthermore, we actively engage with issuers on a continuous basis in order to prevent socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. washing, and we leverage our experience in the green bond market to do this effectively.”