NO.PZ2024021801000022
问题如下:
Which of the following is most accurate regarding ESG issues in fixed income?选项:
A.The ESG interests of long-term fixed income and equity investors do not often align
B.For sovereign issuers, ESG engagement is a more common approach than applying an ESG tilt
C.The probability of successful engagement is higher for private debt investors than for public debt investors
解释:
A. Incorrect because in almost all cases relating to ESG matters at companies that are going concerns, the interests of long-term investors (whether they are exposed to equity or debt) very much align.
B. Incorrect because the ESG approach usually applied in this asset class (sovereign debt) is screening or an ESG tilt in the investment process rather than engagement.
C. Correct because the greatest opportunity to push for conditions and disclosures around ESG is likely to be pre-issuance. This can be difficult to implement in fast-moving public markets, but is easier to effect in private debt issuance.
没明白,C完全没说ESG的事情啊?