Swann Global’s Janet Bewsey and Dale Williams attended LSEG’s annual CIS & CEE Capital Markets day. The conference, held in London, covered a range of topics from the state of CIS and CEE markets to the rising popularity of Climate Bonds.
Foreign investment in the CIS was a major topic of discussion. John Wilkinson at Goldman Sachs, highlighted the overall growth in the Russian markets being contingent on overseas interest. John asserted that American investment has been hampered by sanctions in the region and will be essential in the expansion of Russian Capital Markets.
Other topics included the growth potential in emerging markets with a focus on better acceptance of transparency, governance and regulatory change. Head of Emerging Markets Equity Strategy at Goldman Sachs, Caesar Maasry suggested that statistical signs indicate emerging markets are on the cusp of positive change.
The Climate Bonds Initiative (CBI) was also a hot topic of discussion. Investment in Climate Bonds over the years has been gathering significant pace ($81 billion worth of labelled green bonds were issued in 2016). This has attracted credit agency Moody’s, who has created a standardised and transparent framework for evaluating the overall impacts of ‘green bonds’ on environmental projects across various security types globally. Known as the “Green Bonds Assessment”, it will evaluate a green bond based on five key factors: organisation, use, disclosure and management of proceeds and the ongoing reporting and disclosure on environmental projects financed by the securities. This will score the bond between Excellent (GB1) and Poor (GB5). Project Manager, KajetanCzyz of the Climate Bonds Initiative at LSEG views the move as a step in the right direction by raising awareness of, and ensuring meaningful investment towards ‘green’ initiatives.