Last week, the City of Toronto issued a social bond offering worth $100 million. How does this article relate to our discussion of bonds and debt instruments, sustainable finance, and the goal of the financial manager? Do you anticipate more social bond offerings being made? What opportunity do bond issues such as these create for investors?
In this article, Wa
en Buffet offers some advice concerning bo
owing, credit card debt, and investing in stocks. What do you think about this advice? What strategies do you think are important in getting through the crisis financially?
This recently published article discusses conditions associated with the "Large Employer Emergency Financing Facility", which require certain companies in Canada to "disclose climate impacts and commit to making environmentally sustainable decisions" in order to receive economic relief from the Canadian government. What long-term impacts might this policy have on the sustainability of the Canadian economy?
Other conditions associated with the economic aid include "making sure that there are no share buybacks or dividends or excessive executive pay ...". Why might these conditions have been put into effect? Without these conditions, what actions might companies have been motivated to pursue, and why?