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Sustainability-linked derivatives: Difference between revisions
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{{a|myth|{{image|Easter Islands|png|A dead [[metaphor]], yesterday.}}}}{{c|ESG}}{{dpn|/səsˌteɪnəˈbɪlɪti lɪŋkt dɪˈrɪvətɪvz/|n}} | {{a|myth|{{image|Easter Islands|png|A dead [[metaphor]], yesterday.}}}}{{c|ESG}}{{dpn|/səsˌteɪnəˈbɪlɪti lɪŋkt dɪˈrɪvətɪvz/|n}} | ||
{{quote|A derivative transaction with an [[Environmental, social and corporate governance|ESG]] overlay, taking into account specific measures and targets in the form of [[Key performance indicator|Key Performance Indicators]].<ref>Deliciously unenlightening definition courtesy of [https://insightplus.bakermckenzie.com/bm/banking-finance_1/global-sustainability-linked-derivatives-isdas-case-for-standardisation-in-a-globalised-world Baker & McKenzie]. If you have any idea what “an ESG overlay” to a “derivative transaction” might be, do write in.</ref>}} | |||
{{drop|I|t is said}} that the ancient people of Easter Island felled every tree on the island while erecting statues to their Gods and ancestors. Without the root systems the island’s topsoil crumbled and eroded, nutrients washed away, plants did not grow and eventually the whole ecosystem was wrecked. The island became all but uninhabitable and has not recovered in 400 years. | |||
The magnificent statues remain, but still: this was quite the disaster in the service of trying to please imaginary people. | The magnificent statues remain, but still: this was quite the disaster in the service of trying to please imaginary people. | ||