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Green Bond Sellers Are Hoarding Too Much Cash for This ESG Fund

  • Handelsbanken’s asset arm wants firms to spend proceeds faster
  • Fund is engaging with borrowers to push for greater ambition

One of Europe’s largest ethical debt investors is calling out the green bond industry for the slow pace of putting funds to work in helping the environment.

The asset management arm of Sweden’s second-largest bank Svenska Handelsbanken AB is now engaging with certain bond issuers in Europe to “make them realize they need to make these investments quicker,” said its newly appointed head of sustainability Aurora Samuelsson.