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Nuveen fund

Fixed income impact investing

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Financing positive social and environmental outcomes

Nuveen’s global fixed income ESG/impact platform embeds responsible investing standards into actively managed fixed income to help address many of the large-scale, systemic challenges the world faces today. We believe our approach can deliver attractive risk-adjusted returns, add incremental return over market cycles, diversify traditional fixed income allocations and finance positive social and environmental outcomes.

Our experience, reputation for innovation, and thought leadership help drive first-of their-kind new issues, hone issuer best practices, and scale the impact market across sectors.

Highlights from our impact, leadership and advocacy experience

  • Conducted 115 engagement meetings in 2022, in addition to analyst- and RI-led meetings
  • Aligned with IFC Operating Principles for Impact Management with third-party verification1
  • Directed capital as lead investor in inaugural deals, including:
    • Emission Reduction-Linked Bond (2023)2
    • Wildlife conservation (2022)3
    • Blue bond (2018)4
    • IFC forest bond (2016)5
    • Distributed residential solar ABS (2013)6
  • Was founding signatory and steering committee member of the Orange Bond InitiativeTM,7
  • Played key role in the evolution and development of the green bond market by helping to design ICMA Green Bond Principles as two-term executive committee member
  • Recognised as a responsible investing and fixed income innovator
    • Environmental Finance Awards:
      • Impact Investor of the Year 20208
      • Impact report of the year 20229
    • Wealthmanagement.com "Wealthie" Fixed Income award 202210
    • Pensions for Purpose: Best impact report 202211

Blue bond investing in the Seychelles

A beach in the Seychelles 
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Our ESG capabilities

Core Impact Bond

Core bond strategy that invests primarily across investment grade, U.S. dollar fixed income markets in securities that demonstrate environmental/social impact or ESG leadership.

Global Core Impact Bond

Multi-currency bond strategy that invests primarily in global government and credit markets in securities that demonstrate environmental/social impact or ESG leadership.

Emerging Markets Impact Bond

Hard currency emerging markets debt strategy that invests in issuers demonstrating environmental, social and governance leadership and are best positioned to address social and/or climate challenges, or securities that meet Nuveen’s proprietary fixed income direct and measurable impact framework.

Short Duration Impact Bond

Short-term bond strategy that invests primarily across investment grade, U.S. dollar fixed income markets in securities that demonstrate environmental/social impact or ESG leadership.

Green Bond

Invests primarily across investment grade, U.S. dollar fixed income markets in securities that demonstrate direct and measurable environmental impact.

Social Bonds

Invests primarily across investment grade, U.S. dollar fixed income markets in securities that demonstrate direct and measurable societal impact.

More about responsible investing
Impact report
Nuveen global fixed income impact report 2021
How impact investing in public fixed income markets is not only possible, but vital to addressing many of the large-scale, systemic challenges the world faces today.
Stephen M. Liberatore
Nuveen in 90: Evolution of ESG and Impact investing in fixed income
Stephen M. Liberatore, CFA, head of ESG/Impact, global fixed income, explores how Nuveen seeks to generate competitive returns while funding projects that yield positive social and environmental outcomes.
Sustainability linked bonds do not fit
Sustainability-linked bonds do not fit our impact framework
We believe that our impact framework provides clear line of sight into the projects and initiatives financed in the bond market, and enables us to support anticipated outcomes that benefit local communities and more.
5 min read
Our leadership
Stephen Liberatore
Stephen M. Liberatore, CFA
Senior Managing Director, Head of ESG/Impact, Global Fixed Income
Jessica Zarzycki bio Image
Jessica Zarzycki, CFA
Portfolio Manager
A man wearing a bow tie smiling at the camera
Adam Guerino
Associate portfolio manager, Fixed Income, Responsible Investing
Contact us
Our offices
London skyline
London
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+44 20 3727 8000
201 Bishopsgate, London, United Kingdom

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

1Operating Principles for Impact Management Nuveen Disclosure Statement June 2022 https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=d41de448-fa00-4682-be45-7fe6cbf1524a
2Emission-reduction bond https://www.worldbank.org/en/news/press-release/2023/02/14/emission-reduction-linked-bond-helps-provide-clean-drinking-water-to-two-million-children-in-vietnam
3Zero coupon wildlife conservation bond (World Bank/IBRD, Mar 2022) https://www.worldbank.org/en/news/press-release/2022/03/23/wildlife-conservation-bond-boosts-south-africa-s-efforts-to-protect-black-rhinos-and-support-local-communities
4Blue bond (Republic of the Seychelles, Oct 2018) https://www.worldbank.org/en/news/press-release/2018/10/29/seychelles-launches-worlds-first-sovereign-blue-bond
5Forest bond (International Finance Corporation, Oct 2016) https://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/about+ifc_new/investor+relations/ir-products/forest_bond
6Solar sale & lease back ABS (SolarCity 2013-1A, Nov 2013)
7https://iixglobal.com/orange-bond-initiative/
8https://www.environmental-finance.com/content/awards/green-social-and-sustainability-bond-awards-2020/winners/investor-of-the-year-(not-a-fund).html
9https://www.environmental-finance.com/content/awards/environmental-finances-bond-awards-2022/winners/impact-report-of-the-year-(for-investors)-nuveen.html
10https://www.wealthmanagement.com/wealthies-circle/wm-awards-categories/asset-managers/
11https://www.pensionsforpurpose.com/knowledge-centre/thought-leadership/2022/02/25/Global-fixed-income-impact-report-2021-%E2%80%93-Nuveen/

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Our Company

The information contained on this website is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. YOUR CAPITAL IS AT RISK. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. 

Products, services, or strategies shown may not be available in certain jurisdictions and/or to certain investors. Recipients should inform themselves about and observe any applicable legal requirements. The information provided should not be considered a solicitation or an offer by Nuveen or its affiliates to provide any financial products or services in any jurisdiction where it is not otherwise authorized to do so. Any funds described herein are not for sale in the US or to US persons and are available under the conditions of the relevant offering document(s). If you are a US citizen or resident, please visit our website for US Financial Professionals or US Institutional Investors. Nuveen provides a range of products including investment advisory services, strategies, and expertise through its independent investment affiliates. Securities are offered through Nuveen Securities, LLC.

© 2023 Nuveen, LLC. All rights reserved.

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