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The Government of Hong Kong announced today the completion of a greenbond issuance, raising $5.75 billion in a triple-currency offering, with bonds denominated in US dollars, Euros and Renminbi (RMB). According to the Hong Kong Monetary Authority, the offering marks the largest ESG bond issuance in Asia to date.
The Government of India will issue its first-ever greenbond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy. Last week, the government of Hong Kong raised US$5.8
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded strongly in Q1 2023, resuming double-digit growth trends after falling 18% in 2022, according to a new report from Moody’s Investors Service. trillion in 2021. While the U.S.
At European level, according to Morningstar’s findings, there has been an increase from less than 400 billion open-end funds and sustainable ETFs (Exchange Traded Funds that allow investors to manage risks associated with environmental, social and governance factors) in 2017 to about 2.5 trillion in 2022.
Global issuance of labelled sustainablebonds – including green, social, sustainability, sustainability-linked, and transition bonds – declined sharply in the second quarter of 2024, as fewer new issuers entered the market and issuers contend with regulatory scrutiny, according to a new report released by Moody’s Ratings.
By region, Moody’s anticipates that Europe will maintain the largest share of GSSS volumes, after accounting for 45% of issuance in 2023, with sustainablebonds representing 20% of total bond issuances, and growing to $428 billion in 2023 from $411 in 2022, as sustainability issues remain top of mind for issuers.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded sharply in Q1 2024 over the prior quarter, rising 36% to $281 billion, up from $207 billion in Q4 2023, according to a new report from Moody’s Investors Service.
Shades of Green’s Second Party Opinions (SPOs) are independent, research-based assessments on companies’ and governments’ green, sustainability and sustainability-linked debt issuances and frameworks, evaluating alignment with market standards, typically provided before any borrowing is raised. trillion 2 years ago.
The quarter also saw a continued divergence in regional GSSS trends, with sustainablebond volumes representing 19% of total bond issuance in Europe year-to-date, compared to only 4.5% Despite the pullback, Moody’s maintained its full year forecast for greenbond issuance of $550 billion, up more than 10% over 2022.
This offering follows ADR’s issuance of the world’s first SLB by an airport operator in 2021 and its inaugural GreenBond in 2020. With the new issuance, the group’s sustainable debt share now exceeds 60%.
In addition to volume growth, S&P also anticipates an expansion in bond types, with a more prominent presence for transition and blue bonds, even as greenbonds continue to dominate. For 2024, the report forecasts GSSSB issuance volumes of $0.95 trillion to $1.05 trillion, growing slightly from $0.98
For the second quarter, GSSS bond issuance volumes of $258 billion were flat over the same period last year, recovering from a sharp decline in the second half of 2022, and significantly outperforming the broader market, with GSSS bonds rising to 15% share of global bond market issuance.
Moody’s forecasts the GSSS bond market to grow 10% in 2023 to issuance of $950 billion, after declining 18% in 2022 to $862 billion, from a record $1.05 Despite the 2022 decline, the sustainablebond market substantially outperformed the global bond market, which saw issuance volume fall by 27%.
In an oversubscribed market, greater opportunities for investors lie in social, sustainable, SLBs and blue bonds. Thematic bonds have issuers and investors head over heels for one another ! In the GSS+ bond market, greenbonds are the most established label and account for over half of labelled volumes.
Despite development barriers, opportunities are emerging for investment in sustainable assets in growing market. Africa has seen rapid growth in issuance of green, social, sustainability and sustainability-linked (GSS+) bonds and could prove enticing to investors, in spite of existing challenges.
2022 was a landmark year for impact investing. billion overall in 2022, according to Tameo. Green, social, sustainability and sustainability-linked (GSSS) bonds have reached a tipping point. Investors can also find an ever-increasing range of impact investing products.
Sovereigns have been relatively late entrants to sustainablebond markets following corporates and supra-national entities (such as the World Bank and the European Bank for Reconstruction and Development), which issued the first green debt securities in the mid-2000s. Figures shown to right of chart are as at 30 June 2022.
Socialsustainability requires considering their needs. There’s a need for examples of organizations with “successful social justice strategies and processes,” wrote a North American academic. Get Started: What Is SocialSustainability provides an overall framework for action. Sustainable Finance 10.
The database simplifies sustainable investing with an intuitive, easy-to- use solution that allows investors to discover, compile and compare sustainablebonds as well as generate impact reports. The platform also provides issuer-level information on UN Sustainable Development Goals allocation.
Sustainablebond issuance outperformed the broader market in the second quarter of 2022, reaching a record 15% of global total issuance, according to a new report from Moody’s ESG Solutions. Moody’s maintained its forecast for stronger GSSS volumes in the second half of the year, and its $1 trillion full year estimate.
David Zahn , Head of Sustainable Fixed Income at Franklin Templeton , says new standards and innovations are expanding the supply of greenbonds to meet increased investor demand. Investor demand for green, social, sustainability-linked and transition bonds (GSS+) continues to rise rapidly, outstripping supply.
Linklaters forecasts record year for greenbonds, while SLB issuance suffers Q2 slowdown. Investor demand for green, social, sustainability, sustainability-linked and transition bonds (GSS+) has surged in H1 2023, with regulatory developments bringing greater transparency and confidence to the market.
Issuances of green, social, sustainability and sustainability-linked (GSSS) bonds fell in the third quarter of 2022, but continued to remain more resilient than the broader bond market, growing to a record 16% share of the market in the quarter, according to a new report from Moody’s Investors Service.
Interest rate hikes prompted a decline in GSS bonds for first time last year, but declining inflation forecasts offer brighter outlook for fixed income in 2023. Green, social and sustainable (GSS) bonds endured a difficult 2022, with the fixed income instruments declining in value and issuance volume for the first year on record.
The European Central Bank (ECB) announced today the publication of a series of new statistical indicators aimed at helping to analyze climate-related risks in the financial sector and track the progress of the sustainable finance market.
Global sustainablebond issuance surged in 2021, with data providers estimating total volumes just above or below US$1 trillion; greenbonds accounted for roughly half. trillion by the end of 2022. Transition challenges. But issuance by sovereigns will grow from a low base, especially in Asia.
An important key to unlocking that finance lies in green and sustainable emerging market bonds, which promise lenders both returns and the opportunity to invest in projects with an ESG impact. trillion by September, with demand for emerging market labelled bonds far outstripping the rest of the world.
Green, social, sustainability, sustainability-linked and transition ( GSS+ ) bonds are shaking off recent macroeconomic and geopolitical volatility, with the market on track to hit US$5 trillion in combined issuance by the end of the year. Greenbonds made up 62% of the total aligned GSS+ debt (US$278.8
Strategy looks to invest in issuers “actively” shifting towards renewables, environmentally sustainable practices. It will be available both as a SICAV – the JPMorgan Funds – GreenSocialSustainableBond Fund (SICAV), and as an ETF, the JPMorgan ETFs (Ireland) ICAV – GreenSocialSustainableBond UCITS ETF.
billion of climate finance for developing countries in 2022, it was revealed this week, exceeding for the first time the US$100 billion annual level set in Copenhagen in 2009. While it’s interesting to note that 18 WFE members report their Scope 3 emissions, more material is their role in supporting the sustainability strategies of investors.
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