Marc Brightman is leading an ERC project, Impact HAU, hosted by the University of Bologna. At the core of Impact HAU, there is a new point of view on the world on finance, and especially the phenomenon of impact bonds “going green”. Indeed, the world of finance is more and more involved in financing sustainable projects. For example, the big actors of finance are building wind turbines in Europe, safeguarding the sea in the Maldive, promoting entrepreneurship in Africa and many other good deeds. Sound good, right? But IMPACT Hau’s research is trying to dive deeper.From an ethnographic standpoint, IMPACT Hau wants to understand whether this phenomenon, called “impact investing “, is helping to bring about the radical transitions and systems change that can lead to greater sustainability or whether is merely opening new frontiers for financialization and deepening the political crisis of the developed world. The IMPACT Hau case study illustrated in the comic is the one of Giulia Del Maso, postdoc, which is a good example of the ambiguity of the outcomes that impact bonds may have. Giulia is researching the case of China’s first Certified Climate Bond: the Chinese Three Gorges Corporation funding wind energy in Portugal. In the storyboard we tried to give a panoramic view of the different actors brought together through impact bonds and explain the role of the researcher in understanding this complex scenario.