2023 wasn’t exactly a stellar year for some segments of the sustainable finance market. According to Bloomberg New Energy Finance, global sustainable finance issuance volumes reached $1.3tn last year, down from $1.55tn in 2022 and down on the $1.8tn peak seen in 2021.
While green bond issuance saw an 11 per cent increase year on year in 2023, according to ING’s Sustainable Finance Pulse, sustainability-linked bond issuance fell 24 per cent and sustainability-linked loan issuance fell 55 per cent.
