This guidance focuses on publicly listed corporate debt. It offers a detailed breakdown of the challenges and opportunities presented by different bond types, as well as a six step toolkit and examples of corporate bondholder stewardship in action.
Its approach is designed to help bondholders build long-term relationships with bond issuers, setting objectives on time horizons beyond their initial holdings and protecting the value of current and future investments from the transition risks of climate change.
It also demonstrates the potential of engaging across the capital markets ecosystem, such as with banks or credit rating agencies, to further investor stewardship activities. This offers significant opportunities for bondholders, who are unable to exercise voting rights in the way that an equity holder can.