Our investment team had a constructive meeting with a Supranational discussing SDG bond issuance and impact reporting. They mentioned that most new issuance will be in the form of SDG bonds given most if not all of their lending is aligned with the SDGs. The Supranational will be reporting at a business level that impacts such as disadvantaged education, poverty programs, empowerment, health services, and housing.
We spoke to them about whether they are the sole lender for projects, they said they are the majority (some sovereigns participate as well). We asked them to increase their reporting disclosures by providing a percentage exposure to projects given the impact reporting is based on the total project.