Gröna Obligationer : En studie om investerares motiv till att köpa gröna obligationer

Sammanfattning: Background: In 2007, the World Bank issued the first green bond in the world together with SEB. The first green corporate bond was issued by Vasakronan in 2013 and thereafter the market has expanded. Green bonds have the same financial characteristics as traditional bonds, the difference lies in the fact that the bond proceeds from green bonds must finance environmentally or climate friendly projects. The green bonds should give investors and issuers incentives to implement sustainable investments or projects. Aim: The purpose of the thesis is to describe and explain investors' motives and incentives for buying green bonds. Completion: The thesis is based on a qualitative method and eight interviews have been conducted. The interviewed persons represent investors. In order to shed light on the nature of green bonds and the market, a literature study has been designed. Conclusion: Prominent motives and driving forces for all investors are the demand from customers, the opportunity to show a sustainable profile and that green bonds often have the same financial characteristics as traditional bonds.