What are outcomes-linked bonds?

Outcomes-linked bonds are investment instruments that connect financial returns to the achievement of measurable outcomes, such as improved health, education, or environmental progress. Capital is directed where it can have the greatest impact, and returns are typically realised only when sustainability targets are met.

In this video, impact manager Archie Cage explains how outcomes-linked bonds work and why they’re appealing to impact investors seeking greater transparency, accountability, and real-world results.

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What are outcomes-linked bonds?

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The following content is not suitable for any person outside of the UK

Purpose and Scope

Intended Audience

Relationship

Risk Warning

Information

Understanding bonds in a sustainable portfolio

Defence vs security: why the distinction matters for impact investors

What does it mean to have a gender investment lens?

Looking beyond 2030: Navigating the future of the SDGs