Australia & NZ, Institutional
Change
The views expressed are those of the teams comprising Wellington’s Impact Platform including our impact equity and fixed income investment teams and IMM Practice. For these teams and strategies, impact measurement and management and engagement is a core component of the investment process. These practices do not necessarily extend to other strategies that Wellington Management offers. Views are those of the authors at the time of writing, and other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
Global Impact Bond report
We are pleased to share the eighth report on Wellington’s Global Impact Bond strategy. In our view, growing social and environmental challenges continue to underscore the need to invest across our impact themes.
The contents of this report showcase key developments in our Global Impact Bond strategy during 2025, including sample engagements and investment spotlights to illustrate our investment process and the measurable outcomes we achieved.
Data as of 31 December 2025 | Source: Wellington Management | Affordable housing: “Housing,” UN-Habitat. Clean water & sanitation: “Partnerships and cooperation for water: UN world water development report 2023,” United Nations Educational, Scientific and Cultural Organization (UNESCO). Health: “Tracking universal health coverage,” World Health Organization and World Bank Group, 5 December 2025. Sustainable agriculture & nutrition: David B. Lobell and Stefania Di Tommaso, “A half-century of climate change in major agricultural regions: Trends, impacts, and surprises,” PNAS research article, 5 May 2025; “Human climate horizons data and insights platform,” United Nations Development Programme. Digital divide: “Facts and Figures 2023: Internet use,” itu.int, 2025. Education & job training: Education is a key to jobs, growth, and lifelong learning,” World Bank, updated 22 April 2025. Financial inclusion: "From Financial Inclusion to Financial Health", United Nations Secretary-General's Special Advocate for Financial Health, 2024. Safety & security: “Global Cybersecurity Outlook 2025,” World Economic Forum. Alternative energy: World Energy Outlook 2025,” International Energy Agency. Resource efficiency: "Global electricity demand: what’s driving growth and why it matters?", The Oxford Institute for Energy Studies, 2025. Resource stewardship: “Global Waste Outlook 2024,” UN Environment Programme, 2024.
IMPACT INVESTING AT WELLINGTON
Approach to engagement
All investing involves risk. If an investor is in any doubt as to the suitability of an investment, they should consult an independent financial adviser. Past results are not necessarily indicative of future results and an investment can lose value.
Please refer to the investment risks page for information about each of the following risks:
Important disclosures
Data provided is as of 31 December 2025 | Investment examples are based on holdings of the representative account from 1 January to 31 December 2025. Company examples are for illustrative purposes only, are not representative of all investments made by the portfolio and should not be interpreted as a recommendation or advice. Portfolio spotlight examples are based on nonperformance criteria.
Please see the important disclosure page for more information.
