Mobilising bonds for the just transition: an exploratory assessment methodology of thematic sovereign bonds

Scheer, Antonina ORCID: 0000-0001-7109-8250, Tyson, Judith, Plyska, Sasha, Charkowska, Zuzanna and Dagnino Contreras, Valeria (2025) Mobilising bonds for the just transition: an exploratory assessment methodology of thematic sovereign bonds. . Just Transition Finance Lab, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, UK.

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Abstract

This report presents a novel methodology to assess the presence of just transition elements in green, social, sustainability and sustainability-linked (GSS+) bond frameworks. This methodology demonstrates how GSS+ bonds can be leveraged for the just transition, which can inform both issuers’ bond design and investor decision-making. The authors classify certain GSS+ bond framework characteristics – eligible expenditures, performance targets and post-issuance reporting – as just transition-related where activities cover both climate change mitigation and one of the following social themes: education, employment or equality. Where there is a causal link between the mitigation and social activities in question, the expenditure, target or reporting is considered just transition-focused. Using this methodology, they assess nearly all existing sovereign GSS+ bond frameworks, amounting to 68 in total, finding moderate evidence that just transition elements are present.

Item Type:	Monograph (Report)
Additional Information:	© 2025 The authors
Divisions:	Grantham Research Institute Geography and Environment
Subjects:	H Social Sciences > HG Finance G Geography. Anthropology. Recreation > GE Environmental Sciences
Date Deposited:	01 Aug 2025 13:54
Last Modified:	26 Aug 2025 23:08
URI:	http://eprints.lse.ac.uk/id/eprint/128998

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