The global sustainable bond market has surpassed $3 trillion of issuance, and shows no signs of slowing as the pandemic fuels demand for funds for environmental, social and governance purposes.
Total sustainable debt issuance is up from $2 trillion just eight months ago, having jumped by 28% this year alone, according to new data compiled by BloombergNEF. There was only $1 trillion issued as recently as 2018, nearly 12 years after sustainable debt labeling began.
An unanticipated increase in social bond issuance over the past year has helped propel total sustainable debt sales. Issuance of social bonds, which are used ...