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

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

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…

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