Social impact bonds (SIBs) are used in very diverse contexts around the world and across social issues.
In Europe, numerous initiatives have emerged, including:
A logical next step would be to develop SIBs that tackle social and climate challenges together, for example, considering the external benefits of renovation such as better health.
This is already occurring in the Netherlands, where the NWB Bank issues SDG Housing Bonds, focusing on specific impact drivers for affordability and energy efficiency in social housing. In combination with the “Waarborgfonds Sociale Woningbouw” (Guarantee Fund for Social Housing), it provides a secure instrument for raising capital for social housing provision in the country. This type of investment instrument is discussed in the Chapter II.
 Epiqus, “About Epiqus”. Available at https://www.epiqus.com/about.html (accessed on May 14, 2021).
 NWB Bank, “New SDG Housing Bond brings total of issued sustainable bonds above €15 billion”, (n.d). Available at https://nwbbank.com/en/news/New-SDG-Housing-Bond-brings-total-of-issued-sustainable-bonds-above-15-billion.
 NWB Bank, “SDG Housing Bonds”. Available at https://nwbbank.com/en/investor-relations/sdg-housing-bonds.