High-income economies like the US and Europe have traditionally dominated green, social, sustainability and sustainability-linked bond issuance, but last year saw emerging markets take an increasing share as the energy transition accelerated in markets like Asia, the Middle East and Latin America, according to S&P’s latest sustainability insights research.
In 2023, total GSSSB issuance volume was similar to that in 2022 ($930bn), but this year it could pass the $1tn mark (excluding structured finance issuance), and attain an overall bond market share of 14 per cent (excluding sovereign and structured financing issuance), says S&P. These bonds refer to projects or strategic decisions relating to companies’ environmental, social and governance factors. The S&P’s GSSSB data also includes sovereign issuances.
