BlackRock Switzerland CEO says transition bonds have big potential

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BlackRock Switzerland CEO Mirjam Staub-Bisang says turning brown companies into green ones is central to a cleaner economy. Enter transition bonds, a new class of assets designed to help companies bring their business in line with climate change goals. The market for these instruments is still nascent. But with the backing of influential investors like BlackRock, they are catching on as carbon-intensive industries come under pressure to clean up their act.