Capital MarketsProfessor Nikos Nomikos

Cass Business Schooln.nomikos@city.ac.uk

Nikos Nomikos Capital Markets slide 2

Environmental and climate-related issues are at the top of the agenda

Source: Global Maritime Issues Monitor

Nikos Nomikos Capital Markets slide 3

Impact Investing• Investors embraced ESG issues.

• Sustainable debt market finances projects with positive environmental and social benefits (including shipping).

– First Green Bond issued in 2007.

– The market has recently passed the $1tr milestone.

– Surging capital flow into the market driven by growing demand from investors that require an alternative investment profile (and look for diversifiers).

– Such instruments can also help finance the decarbonisationprocess for shipping.

Thank you!Professor Nikos Nomikos

n.nomikos@city.ac.uk Cass Business School

City, University of London