Maciej Woznica

Sparinvest

ESG in Credit: Perception vs Reality of Engagement in High Yield Portfolios

Active ESG engagement has historically been an activity only for equity investors. In high yield however, where companies are dependent on debt investors, opportunies for ESG engagement are very present. Companies are willing to improve their ESG disclosures and policies in order to improve their access to ESG capital and thereby reducing funding costs. When enabling such improvements, our investors are able to benefit from these "rising stars" similar to traditional credit ratings.

Maciej manages the Value Bonds team and focuses on portfolio management within High Yield and Emerging Markets. He has been with Sparinvest since 2015. Maciej started his career in finance in 2000 and has been a portfolio manager since 2008. He has an international background having lived across multiple countries in Europe, Asia and Africa. Maciej has a BA degree in Mathematics & Computation from the University of Oxford.