Market and Regulatory Highlights
Q3 2023 saw $176.5bn in GSS+ bond issuances, bringing the year-to-date volume to $716bn, according to Environmental Finance.
While that remains shy of the approximately $200bn issuance volume in the same quarter of 2022, the last three months of the year are expected to bridge this gap and replicate the $910bn total issuance in 2022 (Environmental Finance).
This likely stagnation of the market is influenced by the high inflation seen across the global economy for the past two years. While inflation is slowing , it remains above the target level in many countries and the global outlook continues to be weak. This indicates that it may be some time before monetary policy is eased. (Nordea)
By: Damaso Zagaglia, Associate Vice President, Sustainable Finance Business Development, ISS Corporate Solutions
