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All green bond issuers compared to not issuers after bond issuer. On average, the environmental rating for companies that issue on green bond improves. It happens in the longer term(2+years).Then look at C02 emissions (2 ways to measure absolute GHG emissions or intensities where it is scaled on dollar for example of assets)- (Absolute=mtCO2(larger for larger companies):- Intentieis:mtCO2/valuer des assets: tells you smth about the efficency of the company)Conclusion: for green bonds the GHG intensities go does(- significant) relative to non-emitters so their climate impact improves.Those 2 affirmations are true for certified companies and no impact on certified.

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