Template:M tldr isda sustainability-linked derivatives

The tragedy of the commons, Easter Islands edition — the dangers of pleasing imaginary people — on the pastime of chasing ambulances — how SLDs are meant to work — a ratchet on other swaps to adjust spreads depending on measured ESG criteria — but this is hard to measure, arbitrary and no-one will care to do it — SLDs as random penalty clauses — SLDs as self-referencing derivatives — ESG KPIs as work-creation devices — what if you hedge? Is that cheating? — How does the environment directly benefit? — SLDs as a walking category error — why the only sustainability criteria swap counterparties should care about is solvency.