Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

8881

BNY Mellon appointed for Scope’s GBP20 million bond programme  

RELATED TOPICS​

BNY Mellon has been appointed by the disability charity, Scope, to provide pro-bono corporate trust services for the first issuance of its GBP20m charity bond programme.

The charity plans to use the finance raised through the programme to expand its income generation activities such as fundraising programmes and its network of charity shops, both of which generate long term sustainable sources of income for its work with disabled people.
 
Investing for Good, a specialist adviser for impact investments to private banks, asset managers, foundations, social enterprises and charities, will act as the arranger on the programme.
 
Dean Fletcher (pictured), head of Corporate Trust for Europe, Middle East and Africa at BNY Mellon, says: “Providing our services on a pro-bono basis for Scope, alongside other market participants, means the charity can access the capital markets in this innovative way. It is our great pleasure to be able to assist Scope in meeting their financial and ethical goals”.
 
Geoff Burnand, CEO, Investing for Good, says: “Until now investors who want their money to do social good have had difficulty in finding the right asset classes to invest in. The Charity Bond programme has been designed to strike a balance and also satisfy both the ethical and financial aspects of social investment’’.
 

Latest News

Enthusiasm for climate-conscious investment strategies will grow in 2024 according to Invesco. At an event..
The Global Returns Project (GRP), a UK-registered charity aiming to make it easy to donate..
Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by