The UK bank is leveraging its structuring capabilities to integrate macro-assets on sustainable solutions as they can be ‘quite neutral’ from an ESG perspective.
HSBC has executed today (11 June) a total return swap based on the performance of the MSCI World ESG Leaders Index for a global liability driven investment manager serving UK pension funds. The transaction is the first time the MSCI World ESG Leaders Index has been hedged with an FX overlay via a new custom-made index, the MSCI World ESG Leaders 100% hedged to GBP Index, manufactured by the bank for the client. This is proof that there are opportunities for ESG to be deployed around multi-dime
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