World's first rhino bonds horn in on outcome-based ESG investing

Payouts directly tied to the population growth of South African black rhinos open green markets to conservationists

. . . . You’ve surely heard of green bonds, and maybe even blue bonds, by now, but an even more direct environment-focused fixed income instrument is coming to the table: Rhino bonds. The World Bank is selling the world’s first wildlife bond later this year, reports Bloomberg, and investor’s profit on the five-year $45 million security will be directly …