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Bond Investors Still Buy Debt From Nations With Lower ESG Scores Than Russia

  • Verisk Maplecroft warns investors aren’t adjusting investments
  • Firm says 15 heavily-traded nations rank lower than Russia
Updated on

Ethical investors aren’t learning the lessons from a forced divestment of Russian assets as they continue to buy the government debt of autocratic nations, according to data provider Verisk Maplecroft.

Fifteen countries commonly included in sovereign debt funds have a worse environmental, social and governance (ESG) score than Russia, according to the firm’s ratings. Two of these, Turkey and Egypt, are more heavily weighted in typical portfolios than Russia was.