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Jakub Malich

Jakub Malich

Vice President, MSCI Research

Jakub works as an analyst in MSCI ESG Research, where he focuses on financial institutions and fixed income. He previously served as a buy-side credit and fixed-income analyst at UBS, responsible for covering financial institutions and identifying investment opportunities in their debt. Jakub holds a master’s degree in finance and investment from the University of Edinburgh and is a CFA® charterholder.

Research and Insights

Articles by Jakub Malich

    Labeled Bonds: Quarterly Market Overview Q4 2023

    Research Report | Feb 21, 2024 | Jakub Malich, Anett Husi

    We assess the latest trends in labeled bonds, from the overall market to specific bond and issuer characteristics, to identify key developments in the rapidly growing and increasingly diverse labeled-bond market. 

    Is Greenium Evaporating in USD Corporate Bonds?

    5 mins read Blog | Feb 9, 2024 | Jakub Malich, Matteo Petrovich, Michael Ridley, Anett Husi

    With the market for sustainable (or labeled) bonds growing rapidly, we assessed their value relative to conventional bonds and found they consistently exhibited a green premium, or “greenium,” though it did diminish over time.

    Green Bonds and Climate — Towards a Quantitative Method

    Research Report | Jan 1, 2024 | Michael Ridley, Jakub Malich, Meghna Mehta

    While examining use of proceeds remains a key element of analyzing green bonds, we highlight four additional metrics to assess these bonds and their issuers in a more quantitative way. They offer a new set of lenses with which to tackle the analysis.

    ​​Labeled Bonds: Quarterly Market Overview Q3 2023​

    Research Report | Dec 12, 2023 | Jakub Malich, Anett Husi

    The labeled-bond market brings together issuers that may wish to raise capital to finance various environmental and social commitments and build rapport with sustainability investors. What were the key developments in this market in the third quarter of 2023? 

    Sustainable-Debt Issuers on a More Credible Decarbonization Path, but Is It Enough?

    7 mins read Blog | Nov 13, 2023 | Jakub Malich, Vishakha Pandey, Anett Husi

    Corporate decarbonization targets without capital commitments can lack credibility, and issuers of labeled corporate bonds led other bond issuers on climate targets. But just how well did these issuers perform in our assessment? 

    Labeled Bonds Quarterly Market Overview Q2 2023

    Research Report | Aug 31, 2023 | Jakub Malich, Anett Husi

    We assess the latest trends in labeled bonds, from the overall market to specific bond and issuer characteristics, to identify key developments in the rapidly growing and increasingly diverse labeled-bond market. 

    Labeled Bonds: Quarterly Market Overview Q1 2023

    Research Report | Jul 14, 2023 | Jakub Malich, Anett Husi

    We assess the latest issuance trends and the overall market by multiple bond and issuer characteristics to identify key developments in the rapidly growing and increasingly diverse labeled-bond market. 

    Labeled-Bond Issuance and Cost of Debt

    Research Report | Jul 7, 2023 | Jakub Malich, Anett Husi

    We explore three reasons why issuers typically issue labeled bonds: financing impact projects, financing their own environmental goals and building rapport with sustainability-oriented stakeholders. Have these issuers also enjoyed lower debt costs? 

    Banks, ESG and Nonperforming Loans During Covid-19

    6 mins read Blog | Oct 1, 2020 | Jakub Malich

    Have banks with stronger ESG risk management practices been more financially resilient during the COVID-19 pandemic? We look at the asset quality, profitability and capitalization of banks around the world.