Hem
Rök över Gaza. (Ariel Schalit / AP)

Israel finansierar kriget med lån och insamlingar

Sedan konflikten mellan Hamas och Israel bröt ut i början av oktober har Israel samlat in över 6 miljarder dollar för att finansiera kriget, skriver Financial Times.

Pengarna har bland annat kommit från nya statsobligationer, utökning av redan existerande lån och via en insamling.

Osäkerheterna och det politiska läget i landet innebär dock att lånen blir dyra för Israel. Jämfört med obligationer som utfärdats innan kriget är kupongräntorna nu runt 2 procentenheter högre.

Dessutom är utlåningen kontroversiell, skriver FT.

– Sanningen är att för många investerare bär Israel för mycket ESG-risk, säger Ninety Ones förvaltare Thys Louw.

bakgrund
 
Environmental, social, and corporate governance
Wikipedia (en)
Environmental, social, and corporate governance (ESG) are the non-financial outcomes of any corporate that are then considered alongside their financials in making investments into them. These metrics are also applicable to Financial Institutions as then the non-financial outcomes are the financed outcomes of the FIs investing in them or the assets invested in them. Popularly GHG reductions are some of the Environmental outcomes that are in focus today due to climate change. There are many factors that add into climate change due to the interlinkages or the ecosystem that we live in. Positive outcomes that are generated when addressing issues of biodiversity loss, ocean health, poverty, inequality, energy access and renewables and many other that are underlying the Sustainable Development Goals (SDGs) become part of Environmental, Social & Governance Metrics. Since 2020, there have been accelerating incentives from the United Nations (UN) to overlay ESG data with the Sustainable Development Goals (SDGs), based on their work, which began in the 1980s. The term ESG was popularly used first in a 2004 report titled "Who Cares Wins", which was a joint initiative of financial institutions at the invitation of UN. In less than 20 years, the ESG movement has grown from a corporate social responsibility initiative launched by the United Nations into a global phenomenon representing more than US$30 trillion in assets under management. In the year 2019 alone, capital totaling US$17.67 billion flowed into ESG-linked products, an almost 525 per cent increase from 2015, according to Morningstar, Inc. According to Morningstar, ESG investment funds in the United States saw capital inflows of $3.1 billion in 2022 while non-ESG investment funds saw capital outflows of $370 billion during the stock market decline that year.Critics claim ESG linked-products have not had and are unlikely to have the intended impact of raising the cost of capital for polluting firms, and have accused the movement of greenwashing.

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