AXA IM calls for new transition bonds to help companies go green

AXA Investment Managers says that the green bond market needs a new transition bond to allow carbon intensive companies to finance their gradual shift away from fossil fuels.  Although green bonds have become an established option for fixed income investors, the asset class is at a crossroads with the bonds' potential likely to be undermined by a desire for further issuance which the sector cannot provide now, AXA IM says.    The firm'sESG research and engagement team is calling for a new type of bond that is required to help companies which are not yet green to instead issue debt whi...