John,

India's coal giant Adani is rushing to raise hundreds of billions of dollars with a dubious “green” bond sale in June, just days after Delhi hit a deadly 52℃ (125℉).

The company is plagued by scandals, and last year, Norway’s largest pension fund sold its Adani Green shares after it found the company was using its stock as collateral to finance coal mining.

So you’d think that a Swiss bank that wants to be “the leading independent firm for sustainable investing” would keep clear of Adani bonds too, right?

Well, there’s still time to make it so:

Tell Lombard Odier to rule out buying Adani’s new bonds.

Lombard Odier was the first asset manager to be awarded B Corp certification, a prestigious label signaling a commitment to environmental responsibility shared by brands including Patagonia, The Body Shop, Ben & Jerry’s.

But the Swiss bank hasn’t acted on warnings from campaigners showing that Adani Green funds are being misappropriated to finance new coal mines. And in fact, Lombard Odier’s Adani holdings rose by 20% to nearly $140 million last year.

What's more, an explosive financial analysis has now found that Adani Green is extremely over-leveraged, and that its bonds appear far less risky than they truly are. What is Lombard Odier waiting for?

Let’s strike while the iron is hot:

Tell Lombard Odier to show some leadership and shun Adani bonds.

We’ve been fighting Adani for years. And thanks to Ekō members and other activists' sustained pressure on the asset manager Abrdn, we were able to stop that company from buying Adani’s last bond in March.

The best time for Lombard Odier to rule out buying Adani’s bonds was years ago, but the second best time is now.