Below is an excerpt from ISS-Corporate’s recently released article “How Nature Bonds Shape the Future of Sustainable Finance & Biodiversity”. The full article is available on ISS-Corporate’s resources page.
The sustainable finance market continues to evolve rapidly, with green, social, and sustainability bonds now well-established as key instruments for channelling capital toward environmental and social objectives. In June 2025, the International Capital Market Association (ICMA) advanced this trend by issuing the Sustainable Bonds for Nature: A Practitioner’s Guide, which formally endorses the “nature bond” label as a subset of the green bond market. This initiative aims to respond to the global biodiversity crisis by scaling up financing for nature-related projects and providing clarity for issuers, investors and Second Party Opinion (SPO) providers.
Carolina Canepari, Senior Associate, Sustainable Finance Research, ISS-Corporate
