One good definition of a structured product is as a combination of a bond and a derivative element linked to the performance of an underlying asset.

This article considers the increasing usage by issuers of a green bond to replace the traditional bond element of a structured product. The table below shows the market share of products in Europe which are categorised by SRP as having an underlying asset in one of their ESG underlying sectors. This table clearly shows that ESG investment has been increasing in the last five years which is consistent with market interest and press coverage. Unlike direct investing in funds or ETFs the underlyi

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