Pioneering CLO Targeting UN Development Goals Launches in Europe
- Neuberger Berman vehicle will use UN benchmarks on climate
- Trend mirrors wider financial markets drive on ESG targets
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A new European collateralized loan obligation will measure whether its assets comply with United Nations Sustainable Development Goals, in what’s thought to be the first deal of its kind for the industry.
Neuberger Berman’s new CLO will map credits to UN targets that aim to drive international progress toward action on climate, equality and poverty by 2030.