Saturday, March 25, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

Global sustainable debt issuance will crack $1 billion mark in 2021 -IIF

GrR by GrR
July 15, 2021
in Investment
0
Global sustainable debt issuance will crack $1 billion mark in 2021 -IIF
56
SHARES
244
VIEWS
Share on FacebookShare on Twitter


A crow flies over a garbage-strewn beach in Mumbai, India, October 2, 2019. REUTERS/Hemanshi Kamani/File Photo

LONDON, July 15 (Reuters) – Global issuance of sustainable debt is on track to surpass $1 trillion this year with green bonds dominating while emerging markets have some catching up do to, the Institute of International Finance (IIF) said in a report.

With corporations and financial institutions under growing pressure from investors to up their environment, social and governance (ESG) game, the issuance of bonds to raise money for climate-related or social projects, or linked to sustainability targets, is an increasingly popular option.

Sustainable debt sales more than doubled year-on-year in the first half of 2021 to over $680 billion, closing in on the $700 billion issued during the whole of last year.

“With Net Zero commitments in the spotlight, an acceleration in low-carbon energy investment and technological innovation has been supporting ESG securities issuance, along with strong investor appetite,” said IIF economist Khadija Mahmood.

The latest issuance bonanza will see the total market size grow to well above $3 trillion during this year, the IIF found.

Green bonds, which are used to finance climate-related or environmental projects, made up the lion’s share of all new issuance, at 35%, led by Germany, China and France.

While sovereigns, financial institutions and utilities dominate issuance, firms from elsewhere in the energy sphere as well as materials and consumer discretionary sector increasingly joined the fray.

Other types of debt falling into the sustainable category also recorded stellar issuance in the first half of the year.

Issuance of social bonds, which raise funds for projects with positive social outcomes, more than tripled year on year to $140 billion, boosted in part by the European Union’s introduction of the Sustainable Finance Disclosure Regulation (SFDR) which imposes mandatory ESG disclosure obligations.

Sales of sustainability-linked bonds, where an issuer pledges to reach specific ESG targets or face, for example, higher coupon payments – rose nearly four times to $160 billion.

Sustainability bond issuance, which can raise funds for a mix of projects, surged to $90 billion in the first six months of 2021, with the dollar replacing the euro as the main funding currency.

Meanwhile issuers from developing countries had some catching up to do.

“Emerging markets still represent less than 15% of the sustainable debt universe,” said Mahmood.

China, Chile, Turkey and Mexico are the biggest issuers currently.

Reporting by Karin Strohecker; Editing by Kirsten Donovan

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

DuPont Sustainable Solutions Acquires ESG Consultant – FIN News

Next Post

How to cope with the existential dread of climate change – The Washington Post

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post
How to cope with the existential dread of climate change – The Washington Post

How to cope with the existential dread of climate change - The Washington Post

  • Trending
  • Comments
  • Latest
Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021
Repsol starts marketing debut sustainability-linked bond sale

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021
Sustainability Ambitions Soaring at KCI

Sustainability Ambitions Soaring at KCI

December 6, 2021
Chris Pratt explains where the White Spikes originated

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter