Below is an excerpt from ISS-Corporate’s recently released article, “October 2024 | Sustainable Finance Market Highlights”. The full article is available on the ISS-Corporate online library.
Market and Regulatory Highlights
The third quarter of 2024 registered a total volume of $323 billion in green, social and sustainability (GSS+) bond and loan issuances according to Environmental Finance (EF data), a slight decrease from the second quarter.
In its Q3 Quarterly Report, the International Capital Market Association (ICMA) found that green bonds were again at the top of the market, representing more than half of all sustainable bond issuances year-to-date.
Sustainability-linked bond issuances, on the other hand, still accounted for only 4% of the sustainable bond market year-to-date, their smallest share since 2020 (ICMA). While underperforming on the bond side, sustainability-linked loan transactions represented more than 50% of all lending transactions in the last quarter (EF data).
By:
Damaso Zagaglia, Associate Vice President, Sustainable Finance Business Development, ISS-Corporate
Ioana Bejan, Associate Vice President, Team Lead, Sustainable Finance Research, ISS-Corporate
