National Australia Bank (NAB) is launching a social bond focusing specifically on gender equality.
The NAB Social Bond (Gender Equality) is a fixed income obligation open to institutional investors. Participating investors will finance or refinance organisations that the Workplace Gender Equality Agency (WGEA) cites as Employers of Choice for Gender Equality (EOCGE), and that meet the requirements of NAB’s social bond framework, which aims to promote sustainable and socially responsible investments, NAB said. Eligible companies included in the initial NAB Social Bond (Gender Equality) portfolio are Lend Lease, Mirvac, Stockland, Monash University, Australian Catholic University, PwC, KPMG Australia, King & Wood Mallesons (Australia), Clayton Utz, Gilbert + Tobin, Minter Ellison, Corrs Chambers Westgarth, Ashurst Australia and Henry Davis York.
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