South-east Asia’s ESG bond proceeds jump 80% in Q3 2024 with new and existing issuers entering the market
But the supply of ESG loans has fallen, with proceeds declining 9 per cent to US$11.1 billion
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ENVIRONMENTAL, social and governance (ESG) bond issuances in South-east Asia continued to rise through 2024 with the third quarter showing a sharp jump from the previous year.
Proceeds raised from these bonds that come with a sustainable label rose to US$5.2 billion for the quarter ending Sep 30, an 80 per cent increase from US$2.9 billion in the same period a year ago, according to data compiled by LSEG.
This marks the fourth straight quarter of year-on-year increase for ESG bonds in the region, after a tepid showing in 2023.
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